Bessemer Group Inc. Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Bessemer Group Inc. raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,573 shares of the technology company's stock after buying an additional 30,763 shares during the quarter. Bessemer Group Inc. owned about 0.23% of Guidewire Software worth $32,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Atomi Financial Group Inc. grew its holdings in shares of Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Guidewire Software in the 4th quarter worth $2,110,000. GDS Wealth Management raised its position in shares of Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after buying an additional 16,142 shares in the last quarter. Banco Santander S.A. bought a new stake in Guidewire Software during the fourth quarter worth about $427,000. Finally, Truist Financial Corp boosted its stake in Guidewire Software by 21.8% in the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock worth $1,626,000 after buying an additional 1,724 shares in the last quarter.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the sale, the chief executive officer now directly owns 258,593 shares in the company, valued at approximately $43,397,077.26. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 270 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,680 shares of company stock worth $8,358,030. Corporate insiders own 0.48% of the company's stock.

Analyst Ratings Changes

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

Guidewire Software Stock Up 0.8 %

GWRE stock traded up $1.45 on Tuesday, reaching $193.62. 99,739 shares of the company traded hands, compared to its average volume of 899,663. The firm has a fifty day simple moving average of $194.44 and a 200-day simple moving average of $189.64. The company has a market cap of $16.24 billion, a P/E ratio of 537.83, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. 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 (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 net margin of 2.91% and a return on equity of 2.38%. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software 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.