Fortis Capital Advisors LLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

by · The Cerbat Gem

Fortis Capital Advisors LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,891 shares of the technology company’s stock, valued at approximately $315,000.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Banque Cantonale Vaudoise purchased a new position in Guidewire Software during the third quarter valued at $25,000. RiverPark Advisors LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $27,000. Lindbrook Capital LLC raised its position in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after buying an additional 132 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $56,000. Finally, CWM LLC raised its position in shares of Guidewire Software by 18.4% in the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after buying an additional 179 shares during the last quarter.

Guidewire Software Stock Down 0.4 %

Shares of NYSE GWRE traded down $0.43 during midday trading on Friday, hitting $120.92. The company’s stock had a trading volume of 405,620 shares, compared to its average volume of 407,244. The business’s fifty day simple moving average is $115.10 and its two-hundred day simple moving average is $110.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $125.35. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of -195.03 and a beta of 1.14.

Guidewire Software (NYSE:GWRE – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The business had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. On average, equities analysts predict that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John P. Mullen sold 3,665 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Insiders sold 10,785 shares of company stock worth $1,220,087 over the last 90 days. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on GWRE

About Guidewire Software

(Free Report)

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.

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