MML Investors Services LLC Has $1.51 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

MML Investors Services LLC lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,230 shares of the technology company’s stock after selling 872 shares during the period. MML Investors Services LLC’s holdings in Guidewire Software were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GWRE. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $31,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $33,000. DT Investment Partners LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $42,000.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the transaction, the president now owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,170 shares of company stock valued at $2,155,578 in the last ninety days. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $172.49 on Wednesday. The stock has a market capitalization of $14.41 billion, a P/E ratio of 479.14, a P/E/G ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $100.00 and a 1-year high of $209.15. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $190.40 and a two-hundred day moving average price of $163.31.

Analysts Set New Price Targets

GWRE has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Guidewire Software Company 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.