Osterweis Capital Management Inc. Increases Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Osterweis Capital Management Inc. raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,747 shares of the technology company's stock after purchasing an additional 10,287 shares during the quarter. Osterweis Capital Management Inc. owned 0.13% of Guidewire Software worth $17,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after buying an additional 418,642 shares during the period. Rathbones Group PLC acquired a new position in shares of Guidewire Software in the fourth quarter valued at about $58,118,000. Artisan Partners Limited Partnership raised its stake in shares of Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Guidewire Software by 1,951.9% during the fourth quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company's stock worth $44,623,000 after acquiring an additional 251,800 shares during the period.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $6.51 during mid-day trading on Tuesday, hitting $189.75. 232,934 shares of the stock were exchanged, compared to its average volume of 905,658. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 527.06, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $107.52 and a 12-month high of $219.59. The stock's fifty day simple moving average is $191.90 and its two-hundred day simple moving average is $189.93.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $285.74 million. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 700 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the transaction, the president now directly owns 177,746 shares of the company's stock, valued at approximately $37,326,660. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 1,051 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,071 shares of company stock valued at $7,020,947. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GWRE has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.

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.