Vanguard Group Inc. Acquires 90,618 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Vanguard Group Inc. grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,455,534 shares of the technology company’s stock after purchasing an additional 90,618 shares during the period. Vanguard Group Inc. owned about 10.12% of Guidewire Software worth $1,425,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Atomi Financial Group Inc. increased its stake in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after buying an additional 488 shares during the period. Donoghue Forlines LLC bought a new position in Guidewire Software in the 4th quarter worth about $2,110,000. GDS Wealth Management increased its position in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Banco Santander S.A. purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $427,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on GWRE. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $206.08.

Insiders Place Their Bets

In related news, CFO Jeffrey Elliott Cooper sold 300 shares of the company’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 $52,434.00. Following the sale, the chief financial officer now owns 73,494 shares in the company, valued at $12,845,281.32. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $195.15, for a total transaction of $273,210.00. Following the transaction, the chief executive officer now directly owns 261,393 shares of the company’s stock, valued at $51,010,843.95. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,180 shares of company stock valued at $7,159,763. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 1.1 %

Guidewire Software stock opened at $191.44 on Friday. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The business has a fifty day moving average price of $199.18 and a 200-day moving average price of $188.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 531.77, a PEG ratio of 37.21 and a beta of 1.31.

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

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.