1,177 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,177 shares of the technology company's stock, valued at approximately $221,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ossiam purchased a new position in Guidewire Software during the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of Guidewire Software during the 1st quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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, Colonial Trust Co SC increased its holdings in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, June 4th. DA Davidson reaffirmed a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. One equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Stock Up 0.4%

Shares of NYSE:GWRE opened at $231.23 on Thursday. The firm's 50-day moving average is $227.76 and its two-hundred day moving average is $203.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20. The firm has a market capitalization of $19.47 billion, a PE ratio of 578.08, a price-to-earnings-growth ratio of 20.43 and a beta of 1.16.

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, topping analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $230.70, for a total transaction of $322,980.00. Following the transaction, the chief executive officer owned 234,468 shares in the company, valued at approximately $54,091,767.60. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,860 shares of company stock valued at $4,214,136. 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.

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