7,653 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Prudential PLC

Prudential PLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,653 shares of the technology company's stock, valued at approximately $1,290,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. R Squared Ltd bought a new position in Guidewire Software in the fourth quarter worth $47,000. Finally, Tobam acquired a new stake in Guidewire Software during the fourth quarter worth $52,000.

Guidewire Software Price Performance

GWRE stock traded up $3.31 during midday trading on Friday, reaching $190.90. 602,991 shares of the company's stock traded hands, compared to its average volume of 904,752. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 530.29, a PEG ratio of 37.21 and a beta of 1.19. The company has a 50-day simple moving average of $194.96 and a two-hundred day simple moving average of $189.54. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59.

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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 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 analyst estimates of $285.74 million. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group upped their price objective 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 assigned a buy rating to the company. According to data from 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 firm's stock in a transaction that occurred 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 completion of the sale, the president now owns 166,330 shares of the company's stock, valued at $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the completion of the transaction, the chief executive officer now owns 280,330 shares of the company's stock, valued at $48,996,077.40. This trade represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,280 shares of company stock worth $8,085,170. 0.48% of the stock is currently owned by corporate insiders.

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.