Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in Guidewire Software, Inc. (NYSE:GWRE) by 37.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,267 shares of the technology company’s stock after buying an additional 890 shares during the period. Sterling Capital Management LLC’s holdings in Guidewire Software were worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Guidewire Software in the 4th quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 buying an additional 99 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software in the fourth quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $47,000. Finally, Tobam acquired a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $52,000.

Guidewire Software Stock Down 0.5 %

GWRE opened at $191.18 on Friday. The company has a market capitalization of $16.04 billion, a PE ratio of 531.06, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The business has a 50-day moving average of $193.01 and a 200-day moving average of $189.75. 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 debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 6,116 shares of the company’s 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 sale, the president now owns 166,330 shares of the company’s stock, valued at $31,504,565.30. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 1,051 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,471 shares of company stock valued at $7,272,821. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

GWRE has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.