Sei Investments Co. Raises Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Sei Investments Co. raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 362,183 shares of the technology company's stock after acquiring an additional 4,386 shares during the period. Sei Investments Co. owned approximately 0.43% of Guidewire Software worth $61,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GWRE. Geode Capital Management LLC grew its holdings in shares of Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock worth $243,580,000 after acquiring an additional 6,223 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after purchasing an additional 31,512 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company's stock valued at $139,839,000 after purchasing an additional 53,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Guidewire Software by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company's stock valued at $88,098,000 after purchasing an additional 4,386 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Guidewire Software by 1.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company's stock worth $40,255,000 after purchasing an additional 3,715 shares during the period.

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Guidewire Software Price Performance

GWRE traded down $2.13 during trading hours on Thursday, hitting $191.44. The company's stock had a trading volume of 618,771 shares, compared to its average volume of 865,885. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 531.77, a P/E/G ratio of 37.21 and a beta of 1.31. The business's 50-day moving average price is $198.95 and its 200-day moving average price is $188.37. 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 12 month low of $107.00 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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). The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In related news, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was 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 directly owns 166,330 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company's stock, valued at $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,180 shares of company stock valued at $7,159,763 in the last ninety days. Insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GWRE shares. DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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.