Poinciana Advisors Group LLC Acquires Shares of 1,177 Guidewire Software, Inc. (NYSE:GWRE)

Poinciana Advisors Group LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,177 shares of the technology company's stock, valued at approximately $221,000.

Several other hedge funds have also made changes to their positions in GWRE. MassMutual Private Wealth & Trust FSB lifted its position in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares in the last quarter. Fifth Third Bancorp lifted its position in Guidewire Software by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock worth $107,000 after buying an additional 80 shares in the last quarter. True Wealth Design LLC lifted its position in Guidewire Software by 14.4% in the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock worth $114,000 after buying an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Nebula Research & Development LLC raised its holdings in shares of Guidewire Software by 8.5% during the 4th quarter. Nebula Research & Development LLC now owns 1,274 shares of the technology company's stock valued at $215,000 after purchasing an additional 100 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James Financial raised their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a research note on Monday, June 23rd. JMP Securities raised their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $248.31.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the transaction, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the transaction, the chief executive officer owned 245,993 shares in the company, valued at $63,097,204.50. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,860 shares of company stock valued at $4,214,136 in the last quarter. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded down $3.91 during midday trading on Friday, reaching $221.22. 249,463 shares of the company's stock were exchanged, compared to its average volume of 966,367. The company's 50 day simple moving average is $228.17 and its two-hundred day simple moving average is $204.09. The firm has a market capitalization of $18.63 billion, a PE ratio of 553.05, a price-to-earnings-growth ratio of 20.51 and a beta of 1.16. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period last year, the firm posted $0.26 EPS. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software 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.