OFI Invest Asset Management Acquires Shares of 15,000 Guidewire Software, Inc. (NYSE:GWRE)

OFI Invest Asset Management bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the technology company's stock, valued at approximately $2,442,000.

A number of other institutional investors have also recently modified their holdings of GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $25,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software in the 4th quarter valued at $34,000. Finally, Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth $42,000.

Wall Street Analyst Weigh In

GWRE has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. JMP Securities restated a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $206.08.

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Insider Activity

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Keller sold 1,939 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $338,898.42. Following the transaction, the director now directly owns 14,118 shares in the company, valued at $2,467,544.04. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,056 shares of company stock valued at $8,094,892 in the last ninety days. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 0.3 %

GWRE stock traded down $0.46 during trading on Thursday, hitting $175.93. The company had a trading volume of 1,336,672 shares, compared to its average volume of 1,328,000. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The business has a 50-day moving average of $194.88 and a 200-day moving average of $185.36. The stock has a market cap of $14.69 billion, a PE ratio of 488.69, a PEG ratio of 37.21 and a beta of 1.31.

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). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software Company 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.