Versor Investments LP Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Versor Investments LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,700 shares of the technology company's stock, valued at approximately $624,000.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Hanseatic Management Services Inc. lifted its stake in shares of Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after acquiring an additional 58 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock worth $63,000 after purchasing an additional 60 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its position in Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after purchasing an additional 75 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after purchasing an additional 87 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after purchasing an additional 145 shares during the last quarter.

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Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 270 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company's stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares of the company's stock, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,356 shares of company stock valued at $7,389,637 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GWRE. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Stifel Nicolaus raised their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer upped their price target on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.50.

Guidewire Software Trading Down 0.3 %

NYSE GWRE traded down $0.67 during trading hours on Tuesday, hitting $195.64. 590,926 shares of the company's stock were exchanged, compared to its average volume of 1,281,935. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $193.52 and a 200 day simple moving average of $183.96. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 546.56, a PEG ratio of 37.21 and a beta of 1.25.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.