EverSource Wealth Advisors LLC Acquires 641 Shares of Guidewire Software, Inc. (NYSE:GWRE)

EverSource Wealth Advisors LLC boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 287.4% during the 4th quarter, Holdings Channel reports. The firm owned 864 shares of the technology company’s stock after buying an additional 641 shares during the period. EverSource Wealth Advisors LLC’s holdings in Guidewire Software were worth $146,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in Guidewire Software during the 4th quarter valued at approximately $25,000. Assetmark Inc. boosted its position 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 acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the third quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the 4th quarter valued at $34,000. Finally, Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter worth $42,000.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 270 shares of the firm’s stock in a transaction 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 in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the sale, the chief executive officer now owns 269,130 shares of the company’s stock, valued at $45,762,865.20. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,622 shares of company stock worth $5,112,632. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

GWRE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $191.66 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 532.39, a PEG ratio of 37.21 and a beta of 1.31. The firm’s 50-day moving average is $195.71 and its 200 day moving average is $186.41.

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

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.