Amica Mutual Insurance Co. Has $1.19 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Amica Mutual Insurance Co. increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 118.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,064 shares of the technology company’s stock after buying an additional 3,835 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Guidewire Software were worth $1,191,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Guidewire Software during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the third quarter worth $33,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the fourth quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Guidewire Software in the 3rd quarter valued at $42,000.

Guidewire Software Stock Performance

NYSE GWRE opened at $193.58 on Thursday. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 537.72, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The stock has a fifty day simple moving average of $198.95 and a 200 day simple moving average of $188.37. 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 issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $195.15, for a total value of $273,210.00. Following the transaction, the chief executive officer now directly owns 261,393 shares of the company’s stock, valued at $51,010,843.95. The trade was a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $52,434.00. Following the sale, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,180 shares of company stock worth $7,159,763. 0.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GWRE shares. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.