683 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 683 shares of the technology company’s stock, valued at approximately $125,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new stake in Guidewire Software during the second quarter valued at about $31,000. Assetmark Inc. lifted its position in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Guidewire Software during the 2nd quarter valued at $55,000.

Insider Activity

In other news, insider James Winston King sold 794 shares of Guidewire Software stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $174.43, for a total value of $138,497.42. Following the transaction, the insider now directly owns 45,934 shares in the company, valued at approximately $8,012,267.62. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,997 shares of company stock valued at $3,827,513. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWRE. Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada raised their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Price Performance

NYSE GWRE opened at $172.06 on Friday. Guidewire Software, Inc. has a fifty-two week low of $102.66 and a fifty-two week high of $209.15. The stock’s 50-day moving average is $189.77 and its two-hundred day moving average is $163.86. The firm has a market cap of $14.37 billion, a P/E ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55.

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.