Gries Financial LLC Increases Stake in Guidewire Software, Inc. (NYSE:GWRE)

Gries Financial LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,511 shares of the technology company’s stock after acquiring an additional 252 shares during the quarter. Gries Financial LLC’s holdings in Guidewire Software were worth $255,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its holdings in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after buying an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its stake in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the period. Signaturefd LLC lifted its position in shares of Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 139 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period.

Insider Transactions at Guidewire Software

In other news, Director Michael C. Keller sold 1,939 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $338,898.42. Following the completion of the sale, the director now owns 14,118 shares of the company’s stock, valued at $2,467,544.04. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,706 shares of company stock valued at $5,570,969 in the last 90 days. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on GWRE shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada raised their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued 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 target price of $196.08.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $211.37 on Friday. The company has a market capitalization of $17.65 billion, a PE ratio of 587.13, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a 50-day simple moving average of $183.42 and a two-hundred day simple moving average of $173.45. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $212.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

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.