Legal & General Group Plc Buys 13,595 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Legal & General Group Plc raised its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,478 shares of the technology company's stock after acquiring an additional 13,595 shares during the period. Legal & General Group Plc owned approximately 0.17% of Guidewire Software worth $24,356,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of Guidewire Software by 183.7% in the fourth quarter. Bank of Montreal Can now owns 129,648 shares of the technology company's stock worth $21,856,000 after purchasing an additional 83,945 shares during the period. Cerity Partners LLC lifted its holdings in shares of Guidewire Software by 3.2% during the 4th quarter. Cerity Partners LLC now owns 22,506 shares of the technology company's stock worth $3,836,000 after acquiring an additional 707 shares during the period. Federated Hermes Inc. boosted its position in shares of Guidewire Software by 97.1% during the 4th quarter. Federated Hermes Inc. now owns 395,387 shares of the technology company's stock worth $66,654,000 after acquiring an additional 194,832 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Guidewire Software by 13.5% in the fourth quarter. Russell Investments Group Ltd. now owns 194,751 shares of the technology company's stock valued at $32,832,000 after acquiring an additional 23,166 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Guidewire Software by 11.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 209,585 shares of the technology company's stock valued at $35,332,000 after purchasing an additional 21,804 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One 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.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insiders Place Their Bets

In other Guidewire Software news, Director Michael C. Keller sold 1,848 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the completion of the sale, the director now owns 12,270 shares of the company's stock, valued at approximately $2,270,318.10. This trade represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $194.90, for a total value of $272,860.00. Following the transaction, the chief executive officer now directly owns 257,193 shares in the company, valued at $50,126,915.70. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,471 shares of company stock worth $7,272,821. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Trading Down 0.5 %

Shares of GWRE traded down $0.87 during trading hours on Thursday, hitting $191.18. 402,825 shares of the stock were exchanged, compared to its average volume of 902,486. The firm has a market capitalization of $16.04 billion, a P/E ratio of 531.06, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. 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, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The business has a 50-day moving average of $193.54 and a 200-day moving average of $189.69.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS 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.