Poinciana Advisors Group LLC Invests $221,000 in Guidewire Software, Inc. (NYSE:GWRE)

Poinciana Advisors Group LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,177 shares of the technology company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ossiam acquired a new position in Guidewire Software in the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB raised its stake in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Dunhill Financial LLC acquired a new position in Guidewire Software in the 1st quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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. Finally, Colonial Trust Co SC raised its stake in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock valued at $48,000 after purchasing an additional 183 shares during the last quarter.

Guidewire Software Stock Up 0.4%

Shares of NYSE:GWRE opened at $231.23 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20. The stock has a market capitalization of $19.47 billion, a P/E ratio of 578.08, a PEG ratio of 20.43 and a beta of 1.16. The stock has a 50-day simple moving average of $227.76 and a 200-day simple moving average of $203.73.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.41. The business had revenue of $293.51 million during the quarter, compared to analysts’ expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares of the company’s stock, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the transaction, the chief executive officer directly owned 245,993 shares of the company’s stock, valued at $63,097,204.50. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,860 shares of company stock valued at $4,214,136. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Bank of America upped their price objective on shares of Guidewire Software from $135.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, June 4th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.31.

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.