Florida Financial Advisors LLC Purchases New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Florida Financial Advisors LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,242 shares of the technology company's stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its holdings 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 acquiring an additional 70 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Guidewire Software by 16.4% in the first 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 grew its stake in Guidewire Software by 14.4% during the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock valued at $114,000 after acquiring an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its stake in Guidewire Software by 8.5% during the fourth quarter. Nebula Research & Development LLC now owns 1,274 shares of the technology company's stock valued at $215,000 after buying an additional 100 shares during the last quarter.

Insider Activity

In other news, President John P. Mullen sold 3,000 shares of the 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 directly owned 146,489 shares of the company's stock, valued at $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the sale, the chief executive officer directly owned 245,993 shares of the company's stock, 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. Over the last ninety days, insiders sold 21,342 shares of company stock valued at $4,797,839. 0.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, The Goldman Sachs Group boosted their price target on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $248.31.

Guidewire Software Trading Down 0.3%

Shares of GWRE traded down $0.66 on Wednesday, hitting $220.30. 534,666 shares of the stock traded hands, compared to its average volume of 969,684. The stock's 50 day moving average is $228.93 and its two-hundred day moving average is $205.38. 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 $18.55 billion, a P/E ratio of 550.76, a P/E/G ratio of 19.59 and a beta of 1.16. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company's revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts predict 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.