LTS One Management LP Makes New $6.74 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

LTS One Management LP purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,000 shares of the technology company's stock, valued at approximately $6,743,000. Guidewire Software makes up about 1.9% of LTS One Management LP's investment portfolio, making the stock its 16th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Belpointe Asset Management LLC grew its holdings in Guidewire Software by 21.4% during the 4th quarter. Belpointe Asset Management LLC now owns 7,720 shares of the technology company's stock worth $1,301,000 after acquiring an additional 1,359 shares during the period. Advisors Capital Management LLC grew its stake in shares of Guidewire Software by 5.2% during the fourth quarter. Advisors Capital Management LLC now owns 41,654 shares of the technology company's stock worth $7,022,000 after purchasing an additional 2,075 shares during the period. Townsquare Capital LLC increased its holdings in Guidewire Software by 2.0% in the fourth quarter. Townsquare Capital LLC now owns 6,898 shares of the technology company's stock valued at $1,163,000 after purchasing an additional 137 shares during the last quarter. Fortis Capital Advisors LLC increased its stake in shares of Guidewire Software by 21.4% in the 4th quarter. Fortis Capital Advisors LLC now owns 7,720 shares of the technology company's stock valued at $1,301,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Guidewire Software by 37.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,267 shares of the technology company's stock valued at $551,000 after acquiring an additional 890 shares during the period.

Guidewire Software Stock Performance

GWRE traded down $0.87 during trading on Friday, hitting $191.18. The stock had a trading volume of 482,782 shares, compared to its average volume of 907,172. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a 50 day moving average price of $192.54 and a 200-day moving average price of $189.82. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 531.06, a P/E/G ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results 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 net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GWRE. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird upped their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One equities 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 6,116 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the sale, the president now owns 166,330 shares of the company's stock, valued at $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the transaction, the chief executive officer now directly owns 278,930 shares of the company's stock, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

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.