Allegiance Financial Group Advisory Services LLC Takes $268,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Allegiance Financial Group Advisory Services LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,587 shares of the technology company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Guidewire Software by 20.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,903 shares of the technology company’s stock valued at $7,849,000 after buying an additional 7,328 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Guidewire Software by 219.5% during the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 4,161 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Guidewire Software by 244.1% during the third quarter. Stephens Inc. AR now owns 8,365 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 5,934 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Guidewire Software by 0.8% during the third quarter. Conestoga Capital Advisors LLC now owns 235,075 shares of the technology company’s stock valued at $43,005,000 after purchasing an additional 1,878 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the transaction, the chief executive officer now owns 271,930 shares in the company, valued at approximately $55,378,544.50. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,956 shares of company stock worth $7,105,255. Company insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

NYSE GWRE opened at $200.88 on Thursday. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 558.00, a P/E/G ratio of 37.21 and a beta of 1.25. The firm’s 50 day simple moving average is $192.03 and its 200 day simple moving average is $182.60.

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.