WINTON GROUP Ltd Takes $872,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

WINTON GROUP Ltd purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,171 shares of the technology company's stock, valued at approximately $872,000.

A number of other hedge funds have also modified their holdings of GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the 4th quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software during the third quarter valued at $33,000. 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. raised its position 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 worth $34,000 after acquiring an additional 99 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Guidewire Software during the 3rd quarter worth about $42,000.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $12.81 during trading on Thursday, reaching $179.64. The company's stock had a trading volume of 265,922 shares, compared to its average volume of 1,214,064. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. 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 firm has a market cap of $15.07 billion, a PE ratio of 499.00, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a 50-day moving average price of $199.90 and a two-hundred day moving average price of $189.10.

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Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on GWRE. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Wells Fargo & Company lifted their target price 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. The Goldman Sachs Group upped their price target 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. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm'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 value of $244,692.00. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the transaction, the president now owns 178,446 shares of the company's stock, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,580 shares of company stock valued at $7,417,937 over the last quarter. Company insiders own 0.48% of the company's stock.

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.