Versor Investments LP Purchases Shares of 6,835 Guidewire Software, Inc. (NYSE:GWRE)

Posted by on Apr 15th, 2023

Versor Investments LP purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,835 shares of the technology company’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP lifted its position in Guidewire Software by 3,727.3% during the third quarter. Western Pacific Wealth Management LP now owns 421 shares of the technology company’s stock valued at $25,000 after buying an additional 410 shares in the last quarter. Riverview Trust Co lifted its position in Guidewire Software by 158.8% during the third quarter. Riverview Trust Co now owns 414 shares of the technology company’s stock valued at $25,000 after buying an additional 254 shares in the last quarter. Ellevest Inc. acquired a new position in Guidewire Software during the third quarter valued at approximately $29,000. CWM LLC lifted its position in Guidewire Software by 875.3% during the third quarter. CWM LLC now owns 751 shares of the technology company’s stock valued at $46,000 after buying an additional 674 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new position in Guidewire Software during the third quarter valued at approximately $59,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,659 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $76.88, for a total transaction of $127,543.92. Following the completion of the sale, the chief financial officer now owns 60,899 shares in the company, valued at $4,681,915.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 1,659 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $76.88, for a total transaction of $127,543.92. Following the completion of the transaction, the chief financial officer now owns 60,899 shares of the company’s stock, valued at $4,681,915.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,265 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $77.17, for a total transaction of $406,300.05. Following the transaction, the chief executive officer now directly owns 193,045 shares of the company’s stock, valued at approximately $14,897,282.65. The disclosure for this sale can be found here. Insiders sold a total of 35,992 shares of company stock worth $2,706,088 over the last 90 days. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GWRE. Citigroup lifted their price objective on shares of Guidewire Software from $67.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 7th. JMP Securities reiterated a “market outperform” rating and set a $95.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $60.00 to $72.00 and gave the company a “hold” rating in a research note on Tuesday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Guidewire Software currently has a consensus rating of “Hold” and a consensus price target of $83.09.

Guidewire Software Stock Performance

GWRE stock opened at $77.95 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a 1-year low of $52.08 and a 1-year high of $95.58. The firm has a fifty day moving average price of $75.36 and a two-hundred day moving average price of $66.70.

Guidewire Software Company Profile

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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