Fortis Capital Advisors LLC Purchases 1,359 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Fortis Capital Advisors LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE) by 21.4% during the 4th quarter, HoldingsChannel reports. The firm owned 7,720 shares of the technology company’s stock after buying an additional 1,359 shares during the period. Fortis Capital Advisors LLC’s holdings in Guidewire Software were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Guidewire Software during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 4th quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 99 shares during the last quarter. R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter worth about $47,000. Finally, Tobam bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $52,000.

Insiders Place Their Bets

In other news, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the transaction, the chief executive officer now owns 258,593 shares of the company’s stock, valued at approximately $43,397,077.26. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,280 shares of company stock valued at $8,085,170 in the last quarter. Insiders own 0.48% of the company’s stock.

Guidewire Software Trading Up 1.8 %

NYSE GWRE opened at $190.90 on Friday. The firm has a market cap of $16.01 billion, a PE ratio of 530.29, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The stock has a 50-day moving average of $194.96 and a 200-day moving average of $189.45. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.