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

Poinciana Advisors Group LLC bought a new stake in shares of 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 (SEC). The fund bought 1,177 shares of the technology company's stock, valued at approximately $221,000.

A number of other hedge funds have also recently modified their holdings of the business. New Mexico Educational Retirement Board bought a new stake in Guidewire Software during the 1st quarter valued at about $3,223,000. OMNI 360 Wealth Inc. purchased a new position in shares of Guidewire Software during the first quarter worth approximately $211,000. Crossmark Global Holdings Inc. bought a new stake in shares of Guidewire Software during the first quarter valued at approximately $1,255,000. TD Private Client Wealth LLC boosted its holdings in shares of Guidewire Software by 15.5% in the first quarter. TD Private Client Wealth LLC now owns 7,705 shares of the technology company's stock valued at $1,444,000 after purchasing an additional 1,032 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Guidewire Software by 12.5% during the 1st quarter. Bank of New York Mellon Corp now owns 560,301 shares of the technology company's stock worth $104,978,000 after purchasing an additional 62,107 shares during the period.

Guidewire Software Price Performance

Guidewire Software stock traded down $5.69 during midday trading on Friday, reaching $219.44. The company had a trading volume of 611,491 shares, compared to its average volume of 971,643. 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 12-month low of $132.01 and a 12-month high of $263.20. The company has a market capitalization of $18.47 billion, a P/E ratio of 548.60, a P/E/G ratio of 19.52 and a beta of 1.16. The firm's fifty day simple moving average is $228.37 and its 200-day simple moving average is $204.81.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for 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%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. Wells Fargo & Company raised their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer upped their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $248.31.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $230.70, for a total value of $322,980.00. Following the transaction, the chief executive officer directly owned 234,468 shares of the company's stock, valued at $54,091,767.60. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company'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 value of $705,150.00. Following the completion of the sale, the president owned 146,489 shares of the company's stock, valued at $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,860 shares of company stock valued at $4,214,136. Corporate insiders own 0.48% of the company's stock.

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.