MML Investors Services LLC Sells 872 Shares of Guidewire Software, Inc. (NYSE:GWRE)

MML Investors Services LLC lessened its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 9.6% during the third quarter, Holdings Channel reports. The fund 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 filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in 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 acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in Guidewire Software during the 3rd quarter worth $33,000. Rothschild Investment LLC bought a new position in Guidewire Software during the 2nd quarter worth $31,000. Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter worth $42,000. Finally, DT Investment Partners LLC bought a new position in Guidewire Software during the 2nd quarter worth $41,000.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.70, for a total value of $855,901.20. Following the sale, the chief financial officer now directly owns 78,411 shares in the company, valued at $13,541,579.70. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,170 shares of company stock valued at $2,155,578 over the last ninety days. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on GWRE. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Citigroup increased their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their price target on Guidewire Software from $215.00 to $220.00 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 assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Stock Performance

NYSE:GWRE opened at $172.49 on Wednesday. The stock’s 50-day simple moving average is $190.40 and its 200 day simple moving average is $163.31. The firm has a market capitalization of $14.41 billion, a PE ratio of 479.14, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $100.00 and a twelve month high of $209.15.

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.