Financial Consulate Inc. Raises Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Financial Consulate Inc. grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 33.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,390 shares of the technology company’s stock after purchasing an additional 1,346 shares during the quarter. Financial Consulate Inc.’s holdings in Guidewire Software were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in GWRE. Western Pacific Wealth Management LP lifted its position in shares of Guidewire Software by 3,727.3% during the 3rd quarter. Western Pacific Wealth Management LP now owns 421 shares of the technology company’s stock valued at $25,000 after buying an additional 410 shares during the last quarter. Riverview Trust Co raised its stake in shares of Guidewire Software by 158.8% during the 3rd quarter. Riverview Trust Co now owns 414 shares of the technology company’s stock valued at $25,000 after purchasing an additional 254 shares during the period. Ellevest Inc. bought a new stake in shares of Guidewire Software during the 3rd quarter valued at $29,000. CWM LLC raised its stake in shares of Guidewire Software by 875.3% during the 3rd quarter. CWM LLC now owns 751 shares of the technology company’s stock valued at $46,000 after purchasing an additional 674 shares during the period. Finally, NuWave Investment Management LLC bought a new stake in shares of Guidewire Software during the 3rd quarter valued at $59,000.

Analyst Ratings Changes

A number of analysts recently issued reports on GWRE shares. Citigroup boosted their price objective on Guidewire Software from $67.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, March 7th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, March 7th. StockNews.com lowered Guidewire Software from a “hold” rating to a “sell” rating in a research note on Wednesday. BTIG Research decreased their target price on Guidewire Software from $105.00 to $90.00 in a research note on Wednesday, December 7th. Finally, Stifel Nicolaus upped their target price on Guidewire Software from $60.00 to $72.00 and gave the stock a “hold” rating in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.09.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,577 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $96,827.80. Following the completion of the transaction, the insider now directly owns 39,328 shares in the company, valued at approximately $2,414,739.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider James Winston King sold 1,577 shares of the stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the sale, the insider now directly owns 39,328 shares in the company, valued at approximately $2,414,739.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Priscilla Hung sold 2,979 shares of the stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $61.40, for a total value of $182,910.60. Following the sale, the chief operating officer now owns 67,462 shares of the company’s stock, valued at $4,142,166.80. The disclosure for this sale can be found here. In the last three months, insiders sold 22,255 shares of company stock worth $1,450,282. 0.30% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

GWRE opened at $77.20 on Friday. The stock has a 50-day moving average price of $72.47 and a 200-day moving average price of $64.99. Guidewire Software, Inc. has a 12-month low of $52.08 and a 12-month high of $97.32. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.32.

About Guidewire Software

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.