GAMMA Investing LLC Invests $56,000 in Guidewire Software, Inc. (NYSE:GWRE)

GAMMA Investing LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 504 shares of the technology company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GWRE. Greenwich Wealth Management LLC lifted its position in Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after purchasing an additional 101 shares during the period. Lindbrook Capital LLC raised its stake in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after acquiring an additional 142 shares during the last quarter. CWM LLC grew its stake in shares of Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after purchasing an additional 179 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Guidewire Software by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,383 shares of the technology company’s stock worth $696,000 after purchasing an additional 186 shares during the last quarter.

Guidewire Software Stock Up 0.4 %

Shares of NYSE GWRE opened at $110.85 on Thursday. Guidewire Software, Inc. has a 52-week low of $68.45 and a 52-week high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The stock has a market cap of $9.13 billion, a P/E ratio of -178.79 and a beta of 1.15. The firm has a 50 day moving average price of $114.50 and a 200 day moving average price of $107.17.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Analysts expect that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The disclosure for this sale can be found here. In the last three months, insiders sold 9,435 shares of company stock valued at $1,053,821. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Robert W. Baird increased their price objective on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Raymond James assumed coverage on Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Finally, Oppenheimer lifted their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.11.

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.