Empowered Funds LLC Acquires Shares of 39,478 Guidewire Software, Inc. (NYSE:GWRE)

Empowered Funds LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,478 shares of the technology company’s stock, valued at approximately $6,655,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GWRE. Sanctuary Advisors LLC bought a new stake in shares of Guidewire Software in the 2nd quarter valued at about $429,000. CWM LLC raised its holdings in Guidewire Software by 186.8% in the third quarter. CWM LLC now owns 15,004 shares of the technology company’s stock worth $2,745,000 after purchasing an additional 9,773 shares during the period. CHICAGO TRUST Co NA raised its holdings in Guidewire Software by 12.5% in the third quarter. CHICAGO TRUST Co NA now owns 3,200 shares of the technology company’s stock worth $585,000 after purchasing an additional 355 shares during the period. Sapient Capital LLC acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $1,625,000. Finally, Creative Planning increased its position in shares of Guidewire Software by 16.0% in the 3rd quarter. Creative Planning now owns 15,331 shares of the technology company’s stock valued at $2,805,000 after buying an additional 2,120 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $218.04 on Tuesday. 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 business has a 50-day moving average of $185.24 and a 200-day moving average of $177.46. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 605.68, a PEG ratio of 56.59 and a beta of 1.25. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the transaction, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock worth $6,789,679 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GWRE has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $204.50.

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.