Massachusetts Financial Services Co. MA Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Massachusetts Financial Services Co. MA bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 965,799 shares of the technology company’s stock, valued at approximately $105,311,000. Massachusetts Financial Services Co. MA owned 1.18% of Guidewire Software as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GWRE. Banque Cantonale Vaudoise bought a new stake in Guidewire Software in the 3rd quarter worth about $25,000. RiverPark Advisors LLC bought a new stake in shares of Guidewire Software during the 4th quarter worth $27,000. Lindbrook Capital LLC boosted its holdings in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after buying an additional 132 shares during the last quarter. GAMMA Investing LLC purchased a new position in Guidewire Software in the fourth quarter valued at about $56,000. Finally, CWM LLC grew its position in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after acquiring an additional 179 shares during the period.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction dated Tuesday, March 19th. The stock was 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 in the company, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,435 shares of company stock worth $1,053,821. 0.38% of the stock is currently owned by insiders.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded down $0.58 during midday trading on Thursday, reaching $123.17. 12,535 shares of the company traded hands, compared to its average volume of 584,748. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of -199.53 and a beta of 1.14. 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’s fifty day moving average price is $114.06 and its two-hundred day moving average price is $109.19. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $123.98.

Guidewire Software (NYSE:GWRE) last announced 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 business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. On average, equities analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current 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.