Williamson Legacy Group LLC Buys New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Williamson Legacy Group LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, Holdings Channel reports. The fund purchased 1,203 shares of the technology company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $25,000. Assetmark Inc. raised its position in 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 in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software in the 3rd quarter valued at about $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software in the 4th quarter valued at about $47,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GWRE. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One equities research 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. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Stock Up 1.2 %

GWRE opened at $201.16 on Friday. The stock has a fifty day moving average of $192.56 and a 200-day moving average of $182.71. The company has a market capitalization of $16.80 billion, a P/E ratio of 558.78, a P/E/G ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Insider Buying and Selling

In other news, President John P. Mullen sold 700 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the sale, the president now directly owns 177,746 shares in the company, valued at approximately $37,326,660. This represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares in the company, valued at $55,378,544.50. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,956 shares of company stock valued at $7,105,255. 0.48% of the stock is owned by company insiders.

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.