USA Financial Formulas Acquires New Stake in Guidewire Software, Inc. (NYSE:GWRE)

USA Financial Formulas acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,522 shares of the technology company’s stock, valued at approximately $257,000.

A number of other hedge funds also recently bought and sold shares of the company. Burney Co. purchased a new stake in Guidewire Software during the fourth quarter valued at $209,000. Park Avenue Securities LLC increased its position in Guidewire Software by 5.2% during the fourth quarter. Park Avenue Securities LLC now owns 5,359 shares of the technology company’s stock valued at $903,000 after acquiring an additional 267 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Guidewire Software by 42.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock valued at $35,996,000 after acquiring an additional 63,199 shares during the last quarter. Cooper Financial Group purchased a new stake in Guidewire Software during the fourth quarter valued at $203,000. Finally, CHICAGO TRUST Co NA increased its position in Guidewire Software by 14.2% during the fourth quarter. CHICAGO TRUST Co NA now owns 3,655 shares of the technology company’s stock valued at $616,000 after acquiring an additional 455 shares during the last quarter.

Insider Buying and Selling

In related news, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $401,994.00. Following the completion of the transaction, the president now directly owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Winston King sold 1,509 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the transaction, the insider now directly owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,206 shares of company stock worth $4,889,435. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GWRE has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Stock Performance

NYSE:GWRE opened at $180.01 on Friday. 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, Inc. has a 12-month low of $107.00 and a 12-month high of $209.15. The stock has a 50-day moving average price of $183.32 and a 200 day moving average price of $169.45. The stock has a market capitalization of $15.03 billion, a P/E ratio of 500.03, a P/E/G ratio of 44.47 and a beta of 1.23.

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.