IFP Advisors Inc Raises Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

IFP Advisors Inc increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1,432.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 812 shares of the technology company’s stock after purchasing an additional 759 shares during the quarter. IFP Advisors Inc’s holdings in Guidewire Software were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors 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% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after purchasing an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc lifted its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after buying an additional 87 shares during the period. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Guidewire Software by 0.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company’s stock valued at $3,897,000 after buying an additional 149 shares during the period.

Guidewire Software Price Performance

GWRE stock opened at $195.09 on Wednesday. The firm has a market cap of $16.29 billion, a P/E ratio of 541.92, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The stock has a 50-day simple moving average of $193.52 and a 200-day simple moving average of $183.96.

Analysts Set New Price Targets

GWRE has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus boosted 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One equities research 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.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 270 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,656 shares of company stock valued at $7,856,836 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

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.