Tidal Investments LLC Has $2.38 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Tidal Investments LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE) by 306.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,125 shares of the technology company’s stock after buying an additional 10,652 shares during the quarter. Tidal Investments LLC’s holdings in Guidewire Software were worth $2,381,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC bought a new stake in Guidewire Software in the fourth quarter worth approximately $391,000. HB Wealth Management LLC raised its holdings in shares of Guidewire Software by 56.5% during the 4th quarter. HB Wealth Management LLC now owns 2,113 shares of the technology company’s stock valued at $356,000 after purchasing an additional 763 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Guidewire Software in the 4th quarter valued at $450,000. Perpetual Ltd bought a new stake in Guidewire Software in the fourth quarter worth $475,000. Finally, Atomi Financial Group Inc. boosted its holdings in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after purchasing an additional 488 shares in the last quarter.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $207.57 on Friday. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a market cap of $17.41 billion, a P/E ratio of 576.58, a P/E/G ratio of 37.21 and a beta of 1.18. The business’s 50 day moving average is $197.60 and its two-hundred day moving average is $193.27. The company has a quick ratio of 2.66, a current 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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 1,051 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the sale, the president now owns 172,446 shares of the company’s stock, valued at approximately $35,028,955.98. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,371 shares of company stock valued at $6,210,967 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GWRE. Robert W. Baird raised their target price on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. DA Davidson reissued a “neutral” rating and set a $226.00 price objective on shares of Guidewire Software in a report on Thursday. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $207.42.

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.