Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 183.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,648 shares of the technology company's stock after acquiring an additional 83,945 shares during the period. Bank of Montreal Can owned 0.16% of Guidewire Software worth $21,856,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter worth about $34,000. R Squared Ltd acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $47,000. Finally, Tobam bought a new stake in Guidewire Software in the fourth quarter worth $52,000.

Guidewire Software Price Performance

NYSE:GWRE traded down $0.58 during midday trading on Thursday, hitting $191.47. The company had a trading volume of 137,176 shares, compared to its average volume of 901,153. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.06 billion, a PE ratio of 531.24, a P/E/G ratio of 37.21 and a beta of 1.19. The stock's fifty day moving average price is $193.54 and its 200-day moving average price is $189.69. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results 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). 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 analysts' expectations of $285.74 million. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $194.90, for a total value of $272,860.00. Following the completion of the sale, the chief executive officer now owns 257,193 shares of the company's stock, valued at $50,126,915.70. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Winston King sold 1,051 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,471 shares of company stock worth $7,272,821 over the last three months. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird upped their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $206.08.

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.