Capital International Investors Acquires 169,985 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Capital International Investors grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 70.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,657 shares of the technology company's stock after buying an additional 169,985 shares during the quarter. Capital International Investors owned 0.49% of Guidewire Software worth $69,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the period. Geode Capital Management LLC grew its position in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after buying an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares during the period.

Wall Street Analysts Forecast Growth

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

Guidewire Software Price Performance

Shares of GWRE traded up $4.13 during midday trading on Wednesday, hitting $193.88. 525,239 shares of the company traded hands, compared to its average volume of 907,403. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 538.56, a PEG ratio of 37.21 and a beta of 1.19. The firm has a 50 day moving average of $190.99 and a 200-day moving average of $189.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 52 week low of $107.65 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 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm 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%. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $201.90, for a total value of $282,660.00. Following the completion of the sale, the chief executive officer now directly owns 277,530 shares of the company's stock, valued at $56,033,307. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the transaction, the president now directly owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,471 shares of company stock valued at $7,286,163 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

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.