Simplicity Solutions LLC Acquires Shares of 2,230 Guidewire Software, Inc. (NYSE:GWRE)

Simplicity Solutions LLC bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, HoldingsChannel reports. The fund bought 2,230 shares of the technology company’s stock, valued at approximately $243,000.

A number of other hedge funds also recently made changes to their positions in the business. Comerica Bank purchased a new stake in Guidewire Software during the second quarter worth about $180,000. RiverPark Advisors LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $25,000. CENTRAL TRUST Co bought a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $29,000. Finally, Castleview Partners LLC purchased a new position in shares of Guidewire Software during the 3rd quarter valued at $40,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GWRE. Oppenheimer lifted their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Robert W. Baird lifted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Raymond James started coverage on shares of Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at approximately $27,420,656.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,435 shares of company stock worth $1,053,821. Insiders own 0.38% of the company’s stock.

Guidewire Software Trading Down 0.2 %

NYSE GWRE opened at $107.64 on Friday. The stock’s 50 day moving average is $115.37 and its 200 day moving average is $105.99. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $8.86 billion, a PE ratio of -173.61 and a beta of 1.15. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $122.35.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The firm had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Research analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

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.