1,315 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by MGO One Seven LLC

MGO One Seven LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,315 shares of the technology company's stock, valued at approximately $222,000.

Several other institutional investors have also made changes to their positions in GWRE. Atomi Financial Group Inc. boosted its stake in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new stake in Guidewire Software during the 4th quarter worth about $2,110,000. GDS Wealth Management increased its position in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after acquiring an additional 16,142 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Guidewire Software in the fourth quarter worth about $427,000. Finally, Amica Mutual Insurance Co. lifted its position in shares of Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock worth $1,191,000 after purchasing an additional 3,835 shares in the last quarter.

Insider Activity

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.42, for a total transaction of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company's stock, valued at $57,551,014.60. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,771 shares of company stock valued at $7,134,011 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GWRE. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Stock Up 2.4 %

Shares of NYSE:GWRE traded up $5.00 during mid-day trading on Friday, reaching $209.61. 381,410 shares of the stock were exchanged, compared to its average volume of 914,265. The company has a market cap of $17.58 billion, a P/E ratio of 582.25, a P/E/G ratio of 37.21 and a beta of 1.19. The stock's 50 day simple moving average is $190.29 and its 200-day simple moving average is $190.83. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.