Lecap Asset Management Ltd. Grows Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Lecap Asset Management Ltd. raised its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 135.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 25,554 shares of the technology company's stock after acquiring an additional 14,715 shares during the period. Guidewire Software makes up about 1.0% of Lecap Asset Management Ltd.'s holdings, making the stock its 3rd largest position. Lecap Asset Management Ltd.'s holdings in Guidewire Software were worth $4,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GWRE. Signaturefd LLC grew its holdings in shares of Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company's stock valued at $1,107,000 after buying an additional 139 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Guidewire Software by 3.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 28,484 shares of the technology company's stock valued at $5,211,000 after purchasing an additional 884 shares during the last quarter. Whittier Trust Co. increased its holdings in Guidewire Software by 4.6% during the 3rd quarter. Whittier Trust Co. now owns 57,256 shares of the technology company's stock worth $10,474,000 after purchasing an additional 2,534 shares in the last quarter. Trust Point Inc. raised its stake in shares of Guidewire Software by 2.1% in the third quarter. Trust Point Inc. now owns 7,277 shares of the technology company's stock worth $1,331,000 after purchasing an additional 152 shares during the last quarter. Finally, Claro Advisors LLC bought a new position in shares of Guidewire Software in the third quarter valued at approximately $5,245,000.

Guidewire Software Price Performance

NYSE:GWRE traded down $0.29 on Wednesday, reaching $186.89. 738,864 shares of the company's stock were exchanged, compared to its average volume of 698,687. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of -1,433.38 and a beta of 1.19. The stock has a fifty day simple moving average of $168.16 and a 200-day simple moving average of $142.50. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $191.48.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Guidewire Software from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, October 11th. JMP Securities increased their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the company a "market outperform" rating in a report on Friday, October 11th. BTIG Research upped their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. DA Davidson reiterated a "buy" rating and issued a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, Wells Fargo & Company boosted their target price on Guidewire Software from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

Insider Buying and Selling

In other news, insider John P. Mullen sold 1,350 shares of the company's 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 directly owns 137,821 shares in the company, valued at $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider James Winston King sold 4,514 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares in the company, valued at $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,601 shares of company stock valued at $9,050,448. Corporate insiders own 0.38% of the company's stock.

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.