QRG Capital Management Inc. Raises Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

QRG Capital Management Inc. raised its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,362 shares of the technology company’s stock after acquiring an additional 372 shares during the period. QRG Capital Management Inc.’s holdings in Guidewire Software were worth $1,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. lifted its holdings in shares of Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in 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 valued at $63,000 after acquiring an additional 60 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in 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 acquiring an additional 75 shares during the period. CIBC Asset Management Inc boosted its position in Guidewire Software by 3.7% in the 3rd 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 in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $196.38 on Tuesday. The stock has a market capitalization of $16.40 billion, a P/E ratio of 545.50, a PEG ratio of 37.21 and a beta of 1.25. The business has a 50 day simple moving average of $193.07 and a two-hundred day simple moving average of $183.61. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month 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.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Winston King sold 1,509 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares of the company’s stock, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,356 shares of company stock worth $7,389,637. 0.48% of the stock is owned by corporate insiders.

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.