WINTON GROUP Ltd Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

WINTON GROUP Ltd purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,171 shares of the technology company’s stock, valued at approximately $872,000.

A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC increased its stake in shares of Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Guidewire Software in the 3rd quarter worth approximately $573,000. Bank of Montreal Can grew its stake in Guidewire Software by 48.7% in the 3rd quarter. Bank of Montreal Can now owns 45,703 shares of the technology company’s stock valued at $8,134,000 after buying an additional 14,970 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Guidewire Software by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company’s stock valued at $4,434,000 after acquiring an additional 579 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Guidewire Software during the third quarter worth $42,000.

Guidewire Software Stock Down 2.1 %

Shares of NYSE:GWRE opened at $187.54 on Friday. The firm has a fifty day moving average of $199.36 and a 200 day moving average of $188.67. 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. The firm has a market capitalization of $15.73 billion, a PE ratio of 520.95, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GWRE. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Oppenheimer upped their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, Robert W. Baird increased their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Company 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.