Motley Fool Asset Management LLC Has $5.91 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Asset Management LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,025 shares of the technology company’s stock after acquiring an additional 3,022 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Guidewire Software were worth $5,905,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Guidewire Software during the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% during the 4th 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 Guidewire Software in the 4th quarter valued at $34,000. Finally, R Squared Ltd bought a new position in Guidewire Software in the 4th quarter worth $47,000.

Guidewire Software Trading Up 1.1 %

Shares of GWRE stock opened at $192.68 on Thursday. The firm has a fifty day moving average of $199.90 and a 200-day moving average of $189.10. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 535.22, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results 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). The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the sale, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,580 shares of company stock worth $7,417,937 in the last 90 days. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Royal Bank of Canada upped their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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. Finally, Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.