Massachusetts Financial Services Co. MA Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 29.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,436,873 shares of the technology company’s stock after purchasing an additional 1,009,966 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.05% of Guidewire Software worth $747,968,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GWRE. The Manufacturers Life Insurance Company lifted its stake in shares of Guidewire Software by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company’s stock worth $4,434,000 after purchasing an additional 579 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Guidewire Software by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company’s stock worth $2,425,000 after acquiring an additional 153 shares during the period. Verition Fund Management LLC grew its position in Guidewire Software by 161.8% in the third quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company’s stock valued at $3,907,000 after acquiring an additional 13,200 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the third quarter valued at approximately $33,000. Finally, Atom Investors LP acquired a new position in shares of Guidewire Software during the third quarter worth $388,000.

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 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 of the company’s stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the company’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 $52,434.00. Following the completion of the sale, the chief financial officer now directly owns 73,494 shares of the company’s stock, valued at $12,845,281.32. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,580 shares of company stock worth $7,417,937. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Up 1.1 %

Shares of Guidewire Software stock opened at $192.68 on Thursday. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 535.22, a PEG 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. The business’s 50 day simple moving average is $199.90 and its 200-day simple moving average is $189.10.

Guidewire Software (NYSE:GWRE) last posted its 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). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software Company 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.