QRG Capital Management Inc. Has $1.28 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

QRG Capital Management Inc. lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 265.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,990 shares of the technology company's stock after purchasing an additional 5,077 shares during the period. QRG Capital Management Inc.'s holdings in Guidewire Software were worth $1,279,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in Guidewire Software by 11.6% in the first quarter. Janney Montgomery Scott LLC now owns 9,693 shares of the technology company's stock valued at $1,131,000 after purchasing an additional 1,010 shares during the period. GSA Capital Partners LLP increased its stake in Guidewire Software by 88.7% during the first quarter. GSA Capital Partners LLP now owns 5,801 shares of the technology company's stock worth $677,000 after purchasing an additional 2,727 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Guidewire Software during the first quarter worth about $417,000. Swiss National Bank boosted its stake in shares of Guidewire Software by 0.7% in the first quarter. Swiss National Bank now owns 153,600 shares of the technology company's stock valued at $17,927,000 after purchasing an additional 1,100 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Guidewire Software in the first quarter valued at approximately $2,986,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,050,448 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BTIG Research upped their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Citigroup upped their price target on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Finally, Robert W. Baird lifted their price target on Guidewire Software from $175.00 to $204.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $178.62.

Guidewire Software Stock Performance

Guidewire Software stock traded down $0.15 during trading on Friday, hitting $194.93. The company's stock had a trading volume of 832,023 shares, compared to its average volume of 841,344. Guidewire Software, Inc. has a 1-year low of $89.36 and a 1-year high of $196.65. The stock's fifty day moving average is $178.91 and its 200 day moving average is $149.09.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to analysts' expectations of $283.84 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.53 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.