RGM Capital LLC Has $205.44 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

RGM Capital LLC lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 0.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,489,910 shares of the technology company’s stock after selling 10,000 shares during the period. Guidewire Software makes up approximately 8.2% of RGM Capital LLC’s holdings, making the stock its 2nd biggest position. RGM Capital LLC owned approximately 1.80% of Guidewire Software worth $205,444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Alberta Investment Management Corp increased its position in Guidewire Software by 11.1% during the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after acquiring an additional 3,355 shares during the last quarter. Teca Partners LP increased its position in shares of Guidewire Software by 31.1% during the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after purchasing an additional 46,453 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Guidewire Software during the 4th quarter valued at about $204,000. Wasatch Advisors LP lifted its stake in shares of Guidewire Software by 4.2% in the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Guidewire Software in the first quarter worth approximately $417,000.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $8,984,892 over the last ninety days. 0.38% of the stock is owned by insiders.

Guidewire Software Stock Performance

GWRE stock opened at $174.54 on Friday. The firm has a fifty day moving average price of $151.15 and a 200 day moving average price of $131.80. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $176.00. The firm has a market cap of $14.43 billion, a PE ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. On average, equities analysts predict that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

GWRE has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Robert W. Baird lifted their target price on Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. JMP Securities boosted their price target on Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a report on Friday, September 6th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Bank of America boosted their price objective on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.69.

Guidewire Software 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.