Amica Retiree Medical Trust Purchases 132 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Amica Retiree Medical Trust raised its position in Guidewire Software, Inc. (NYSE:GWRE) by 34.6% during the fourth quarter, Holdings Channel reports. The fund owned 513 shares of the technology company’s stock after acquiring an additional 132 shares during the period. Amica Retiree Medical Trust’s holdings in Guidewire Software were worth $86,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter worth approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the 4th quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of 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 worth $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Guidewire Software in the 3rd quarter worth $42,000.

Analyst Ratings Changes

A number of brokerages have commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. 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 research report on Monday, February 10th. Finally, Oppenheimer upped their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Price Performance

NYSE:GWRE opened at $193.58 on Thursday. The business’s 50-day moving average is $198.95 and its 200 day moving average is $188.37. 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 $16.24 billion, a P/E ratio of 537.72, a P/E/G ratio of 37.21 and a beta of 1.31. 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 (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) 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 firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at $13,550,012.58. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the transaction, the chief executive officer now directly owns 280,330 shares of the company’s stock, valued at $48,996,077.40. The trade was a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,180 shares of company stock valued at $7,159,763 in the last three months. Corporate insiders own 0.48% of the company’s stock.

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.