Magnetar Financial LLC Purchases New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Magnetar Financial LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,333 shares of the technology company’s stock, valued at approximately $899,000.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in 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 approximately $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software in the third quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new stake in shares of Guidewire Software in the fourth quarter worth approximately $47,000.

Guidewire Software Trading Down 0.8 %

GWRE opened at $191.84 on Friday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The stock has a market capitalization of $16.09 billion, a PE ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The business’s 50 day moving average price is $197.47 and its 200 day moving average price is $187.12. 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 issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS 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 company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GWRE. Wells Fargo & Company lifted their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price target on 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. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 300 shares of the stock in a transaction dated 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 of the company’s stock, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $244,692.00. Following the completion of the sale, the chief executive officer now directly owns 280,330 shares in the company, valued at $48,996,077.40. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,780 shares of company stock worth $6,886,553. 0.48% of the stock is currently owned by insiders.

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.