Catalyst Funds Management Pty Ltd Purchases New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Catalyst Funds Management Pty Ltd bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,350 shares of the technology company's stock, valued at approximately $1,239,000.

A number of other institutional investors also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $26,501,000. Janus Henderson Group PLC increased its holdings in shares of Guidewire Software by 355.8% in the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company's stock valued at $29,719,000 after acquiring an additional 126,806 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Guidewire Software by 192.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company's stock valued at $22,635,000 after acquiring an additional 88,304 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $12,050,000.

Guidewire Software Stock Performance

Shares of GWRE traded up $5.20 during trading hours on Wednesday, reaching $196.55. 947,904 shares of the company's stock traded hands, compared to its average volume of 861,708. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 545.96, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The business's fifty day simple moving average is $196.12 and its two-hundred day simple moving average is $186.71.

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Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 1,069 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $174.43, for a total value of $186,465.67. Following the completion of the transaction, the chief financial officer now owns 73,842 shares in the company, valued at $12,880,260.06. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares of the company's stock, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,986 shares of company stock valued at $6,872,041 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Wells Fargo & Company increased their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus increased their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.