Allegiance Financial Group Advisory Services LLC Purchases Shares of 1,587 Guidewire Software, Inc. (NYSE:GWRE)

Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,587 shares of the technology company’s stock, valued at approximately $268,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. increased its stake in shares of Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after acquiring an additional 75 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Guidewire Software by 7.0% in the fourth quarter. Amalgamated Bank now owns 5,182 shares of the technology company’s stock worth $874,000 after buying an additional 340 shares during the last quarter. IFP Advisors Inc raised its stake in Guidewire Software by 1,432.1% during the 4th quarter. IFP Advisors Inc now owns 812 shares of the technology company’s stock worth $137,000 after acquiring an additional 759 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Guidewire Software during the 4th quarter worth approximately $3,618,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $2,979,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted 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. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $200.88 on Thursday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a market cap of $16.78 billion, a PE ratio of 558.00, a P/E/G ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50-day simple moving average of $192.03 and a 200-day simple moving average of $182.60.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the sale, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares of the company’s stock, valued at $55,378,544.50. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,956 shares of company stock valued at $7,105,255 over the last three months. 0.48% of the stock is owned by corporate insiders.

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.