1,199 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,199 shares of the technology company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Guidewire Software by 23.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after acquiring an additional 516,942 shares during the period. Linonia Partnership LP lifted its position in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Sei Investments Co. grew its holdings in Guidewire Software by 1.3% in the 2nd quarter. Sei Investments Co. now owns 405,519 shares of the technology company’s stock worth $55,917,000 after acquiring an additional 5,235 shares during the last quarter. AQR Capital Management LLC raised its position in Guidewire Software by 65.7% during the 2nd quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock valued at $40,251,000 after purchasing an additional 115,757 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the period.

Insider Buying and Selling at Guidewire Software

In related news, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the transaction, the insider now owns 160,099 shares in the company, valued at $27,562,643.84. This trade represents a 4.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Up 1.5 %

NYSE:GWRE opened at $202.82 on Monday. The company has a market cap of $16.94 billion, a price-to-earnings ratio of -2,534.93, a price-to-earnings-growth ratio of 51.70 and a beta of 1.18. The stock has a fifty day simple moving average of $186.35 and a 200-day simple moving average of $155.43. Guidewire Software, Inc. has a twelve month low of $95.02 and a twelve month high of $202.99.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GWRE shares. Wells Fargo & Company raised their target price on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Oppenheimer increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Citigroup upped their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.69.

Guidewire Software Company 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.