Lisanti Capital Growth LLC Purchases 21,890 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Lisanti Capital Growth LLC raised its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 138.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,725 shares of the technology company's stock after purchasing an additional 21,890 shares during the period. Guidewire Software makes up approximately 1.7% of Lisanti Capital Growth LLC's holdings, making the stock its 11th biggest position. Lisanti Capital Growth LLC's holdings in Guidewire Software were worth $6,901,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. GDS Wealth Management bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $477,000. Chartwell Investment Partners LLC bought a new stake in Guidewire Software in the 3rd quarter valued at $1,502,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $164,000. Finally, Portside Wealth Group LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $201,000.

Guidewire Software Price Performance

Shares of NYSE GWRE traded up $0.38 during midday trading on Monday, reaching $195.31. 362,637 shares of the stock were exchanged, compared to its average volume of 695,383. Guidewire Software, Inc. has a 12 month low of $90.50 and a 12 month high of $196.93. The business has a 50-day simple moving average of $178.91 and a two-hundred day simple moving average of $149.59. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of -2,436.32, a P/E/G ratio of 50.42 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. 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 prior year, the company posted $0.30 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson reissued a "buy" rating and issued a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. JMP Securities lifted their price objective on Guidewire Software from $179.00 to $200.00 and gave the company a "market outperform" rating in a report on Friday, October 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. Finally, BTIG Research raised their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.62.

About Guidewire Software

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.