Orion Portfolio Solutions LLC Purchases 149 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Orion Portfolio Solutions LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,302 shares of the technology company’s stock after purchasing an additional 149 shares during the period. Orion Portfolio Solutions LLC’s holdings in Guidewire Software were worth $3,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares in the last quarter. Linonia Partnership LP boosted its holdings in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after acquiring an additional 185,077 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Guidewire Software by 1.3% in the second quarter. Sei Investments Co. now owns 405,519 shares of the technology company’s stock valued at $55,917,000 after acquiring an additional 5,235 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Citigroup raised their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $193.00.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $9,116,179 in the last quarter. 0.48% of the stock is owned by insiders.

Guidewire Software Price Performance

GWRE opened at $173.92 on Tuesday. The stock has a 50-day moving average price of $191.40 and a 200-day moving average price of $161.45. The firm has a market cap of $14.53 billion, a PE ratio of 483.11, a P/E/G ratio of 45.93 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $209.15.

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.