Rathbones Group PLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Rathbones Group PLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 344,749 shares of the technology company's stock, valued at approximately $58,118,000. Rathbones Group PLC owned 0.41% of Guidewire Software as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares in the company, valued at $43,397,077.26. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 270 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the transaction, the insider now owns 45,664 shares of the company's stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,280 shares of company stock worth $8,085,170 over the last three months. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GWRE. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Guidewire Software Trading Up 1.8 %

Shares of GWRE stock traded up $3.31 during trading hours on Friday, hitting $190.90. The company had a trading volume of 602,991 shares, compared to its average volume of 903,153. 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 stock has a market capitalization of $16.01 billion, a PE ratio of 530.29, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company's fifty day moving average is $194.96 and its 200 day moving average is $189.45. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS 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 analysts' expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.