Vise Technologies Inc. Buys 1,794 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Vise Technologies Inc. boosted its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 160.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,909 shares of the technology company's stock after purchasing an additional 1,794 shares during the quarter. Vise Technologies Inc.'s holdings in Guidewire Software were worth $490,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. Smartleaf Asset Management LLC boosted its holdings in shares of Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after buying an additional 56 shares during the period. Norden Group LLC grew its holdings in shares of Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after purchasing an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of Guidewire Software by 1.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after purchasing an additional 75 shares during the period. True Wealth Design LLC lifted its holdings in shares of 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 purchasing an additional 85 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 during the period.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $212.02, for a total value of $296,828.00. Following the transaction, the chief executive officer now directly owns 248,793 shares of the company's stock, valued at $52,749,091.86. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock valued at $6,222,685 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $3.58 during midday trading on Friday, reaching $214.90. 879,352 shares of the company's stock were exchanged, compared to its average volume of 936,043. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $18.03 billion, a PE ratio of 596.94, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company's 50 day simple moving average is $199.16 and its two-hundred day simple moving average is $193.86.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on GWRE shares. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. DA Davidson cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective for the company. in a report on Thursday, May 22nd. Finally, Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

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.