HighPoint Advisor Group LLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

HighPoint Advisor Group LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,671 shares of the technology company’s stock, valued at approximately $1,125,000.

A number of other hedge funds also recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new stake in Guidewire Software in the fourth quarter worth $25,000. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the 3rd quarter worth $33,000. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software in the 4th quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 99 shares during the period. Finally, R Squared Ltd bought a new stake in Guidewire Software in the 4th quarter valued at about $47,000.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $184.41, for a total value of $258,174.00. Following the sale, the chief executive officer now directly owns 259,993 shares of the company’s stock, valued at approximately $47,945,309.13. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,580 shares of company stock valued at $7,417,937 in the last quarter. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

NYSE:GWRE opened at $190.40 on Wednesday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The stock has a fifty day moving average of $199.71 and a 200 day moving average of $189.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 528.89, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Oppenheimer lifted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their target price 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. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Profile

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.