FIL Ltd boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,000 shares of the technology company's stock after buying an additional 6,000 shares during the period. FIL Ltd's holdings in Guidewire Software were worth $4,720,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 4th quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares in the last quarter. R Squared Ltd bought a new position in Guidewire Software in the fourth quarter valued at $47,000. Finally, Tobam bought a new stake in Guidewire Software during the fourth quarter worth about $52,000.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GWRE. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. 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, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.
Get Our Latest Report on GWRE
Insider Transactions at Guidewire Software
In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the sale, the chief executive officer now owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 700 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the sale, the president now owns 177,746 shares in the company, valued at approximately $37,326,660. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,471 shares of company stock valued at $7,272,821. 0.48% of the stock is currently owned by corporate insiders.
Guidewire Software Stock Performance
Shares of Guidewire Software stock traded down $0.87 on Thursday, hitting $191.18. 482,718 shares of the company's stock were exchanged, compared to its average volume of 902,487. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $16.04 billion, a PE ratio of 531.06, a PEG ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a 50-day simple moving average of $193.54 and a 200-day simple moving average of $189.69.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.
About Guidewire Software
(
Free Report)
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.
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