Motley Fool Asset Management LLC Purchases 3,022 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Asset Management LLC increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 9.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,025 shares of the technology company’s stock after acquiring an additional 3,022 shares during the period. Motley Fool Asset Management LLC’s holdings in Guidewire Software were worth $5,905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. grew its position in shares of Guidewire Software by 22.2% during 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 fourth quarter valued at approximately $2,110,000. GDS Wealth Management grew its holdings in Guidewire Software by 618.5% during the 4th 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 position in shares of Guidewire Software by 3.3% during the 3rd 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 during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Guidewire Software in the 4th quarter valued at $427,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GWRE shares. Wells Fargo & Company lifted their price objective 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 upped their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Insider Activity at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 300 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares of the company’s stock, valued at approximately $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00. Following the sale, the chief executive officer now directly owns 259,993 shares in the company, valued at $47,945,309.13. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,580 shares of company stock valued at $7,417,937. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Up 1.1 %

Shares of GWRE stock opened at $192.68 on Thursday. The company has a market capitalization 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 12-month low of $107.00 and a 12-month high of $219.59. The firm has a fifty day moving average of $199.90 and a 200-day moving average of $189.10. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share 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.