Summit Global Investments purchased a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,668 shares of the technology company's stock, valued at approximately $618,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the 4th quarter worth about $25,000. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter worth about $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in Guidewire Software in the third quarter valued at approximately $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $47,000.
Insider Transactions at Guidewire Software
In other Guidewire Software news, insider James Winston King sold 270 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now directly owns 166,330 shares in the company, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock valued at $7,159,763 in the last three months. 0.48% of the stock is currently owned by corporate insiders.
Guidewire Software Price Performance
NYSE:GWRE traded down $2.13 during mid-day trading on Thursday, reaching $191.44. 618,771 shares of the stock were exchanged, compared to its average volume of 865,885. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $198.95 and a 200 day moving average price of $188.37. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The firm has a market capitalization of $16.06 billion, a PE ratio of 531.77, a PEG ratio of 37.21 and a beta of 1.31.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $285.74 million. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently commented on GWRE shares. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Oppenheimer increased their price objective 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. JMP Securities reissued a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group upped their target price 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. Finally, DA Davidson reaffirmed a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.
Get Our Latest Stock Analysis on Guidewire Software
Guidewire Software Company Profile
(
Free Report)
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.
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