Versor Investments LP Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Versor Investments LP purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,700 shares of the technology company’s stock, valued at approximately $624,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $25,000. Assetmark Inc. increased its position 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 last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $47,000.

Guidewire Software Stock Performance

NYSE:GWRE opened at $201.16 on Friday. The stock has a fifty day moving average price of $192.56 and a 200-day moving average price of $182.71. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 558.78, a PEG ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Insider Activity

In other news, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction on 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 completion of the sale, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the sale, the chief executive officer now owns 271,930 shares of the company’s stock, valued at approximately $55,378,544.50. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,956 shares of company stock worth $7,105,255. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GWRE. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird boosted their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $204.50.

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.