CenterBook Partners LP Purchases New Shares in Guidewire Software, Inc. (NYSE:GWRE)

CenterBook Partners LP bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,948 shares of the technology company's stock, valued at approximately $1,171,000.

A number of other hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. increased its stake 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 valued at $453,000 after acquiring an additional 488 shares during the period. Donoghue Forlines LLC bought a new stake in Guidewire Software during the fourth quarter worth about $2,110,000. GDS Wealth Management grew its holdings in Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after acquiring an additional 16,142 shares during the last quarter. Banco Santander S.A. acquired a new position in Guidewire Software in the fourth quarter valued at approximately $427,000. Finally, Truist Financial Corp boosted its position in shares of Guidewire Software by 21.8% during the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock worth $1,626,000 after purchasing an additional 1,724 shares in the last quarter.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 700 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the transaction, the president now owns 177,746 shares of the company's stock, valued at $37,326,660. The trade was a 0.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00. Following the transaction, the chief executive officer now owns 278,930 shares of the company's stock, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,471 shares of company stock valued at $7,272,821 over the last ninety days. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.2 %

NYSE GWRE traded up $0.40 on Wednesday, hitting $194.03. 138,223 shares of the stock were exchanged, compared to its average volume of 900,225. The company has a 50-day moving average price of $193.97 and a 200-day moving average price of $189.67. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. 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 cap of $16.28 billion, a PE ratio of 538.97, a PEG ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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