Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,548 shares of the technology company’s stock after purchasing an additional 533 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Guidewire Software were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the 4th quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after purchasing an additional 99 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $47,000. Finally, Tobam acquired a new position in Guidewire Software in the fourth quarter valued at $52,000.

Guidewire Software Trading Up 0.5 %

NYSE:GWRE opened at $175.08 on Tuesday. The business’s 50-day moving average is $198.29 and its two-hundred day moving average is $189.31. The firm has a market capitalization of $14.69 billion, a PE ratio of 486.34, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

Wall Street Analyst Weigh In

Several research firms have commented on GWRE. The Goldman Sachs Group lifted 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. Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the transaction, the president now directly owns 164,030 shares of the company’s stock, valued at $30,829,438.50. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,280 shares of company stock valued at $8,085,170. Corporate insiders own 0.48% of the company’s stock.

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.