Mercer Global Advisors Inc. ADV Acquires 45,994 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Mercer Global Advisors Inc. ADV boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,268.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,621 shares of the technology company's stock after purchasing an additional 45,994 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.06% of Guidewire Software worth $8,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $25,000. Ossiam acquired a new stake in shares of Guidewire Software in the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of 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 valued at $34,000 after purchasing an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software during the 4th quarter worth $34,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the 4th quarter worth $47,000.

Guidewire Software Trading Up 0.4 %

Guidewire Software stock traded up $0.88 during mid-day trading on Tuesday, hitting $211.27. 517,438 shares of the stock were exchanged, compared to its average volume of 915,290. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 586.85, a PEG 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 has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm's fifty day simple moving average is $190.74 and its two-hundred day simple moving average is $191.13.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Analysts forecast 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 2,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the sale, the president now directly owns 172,446 shares of the company's stock, valued at $35,028,955.98. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,371 shares of company stock worth $6,215,853. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Robert W. Baird increased their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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.