MML Investors Services LLC Raises Position in Guidewire Software, Inc. (NYSE:GWRE)

MML Investors Services LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,353 shares of the technology company’s stock after purchasing an additional 2,123 shares during the period. MML Investors Services LLC’s holdings in Guidewire Software were worth $1,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after acquiring an additional 56 shares during the period. Hanseatic Management Services Inc. boosted its position in Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC increased its stake in shares of Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after purchasing an additional 61 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after purchasing an additional 75 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 buying an additional 99 shares in the last quarter.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total value 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. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 3,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction of $626,370.00. Following the sale, the president now owns 174,746 shares of the company’s stock, valued at $36,485,217.34. This represents a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,371 shares of company stock worth $6,856,503. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Guidewire Software Stock Up 2.8 %

Shares of GWRE opened at $205.16 on Wednesday. Guidewire Software, Inc. has a 1 year low of $107.65 and a 1 year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a 50 day simple moving average of $190.02 and a two-hundred day simple moving average of $190.47. The firm has a market cap of $17.21 billion, a P/E ratio of 569.89, a P/E/G ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software 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.