LTS One Management LP Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

LTS One Management LP bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the technology company’s stock, valued at approximately $6,743,000. Guidewire Software makes up about 1.9% of LTS One Management LP’s investment portfolio, making the stock its 16th largest holding.

Several other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after buying an additional 6,223 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Guidewire Software by 11.2% in the third quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company’s stock valued at $335,000 after acquiring an additional 182 shares during the last quarter. Virtu Financial LLC boosted its stake in Guidewire Software by 649.4% in the third quarter. Virtu Financial LLC now owns 14,650 shares of the technology company’s stock valued at $2,680,000 after acquiring an additional 12,695 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Guidewire Software by 79.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company’s stock valued at $1,135,000 after purchasing an additional 2,487 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Guidewire Software during the 3rd quarter worth approximately $125,000.

Guidewire Software Trading Up 1.8 %

Shares of GWRE opened at $190.90 on Monday. The firm has a market capitalization of $16.01 billion, a P/E ratio of 530.29, a PEG ratio of 37.21 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average is $194.96 and its two-hundred day moving average is $189.54. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59.

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

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the transaction, the chief executive officer now owns 258,593 shares in the company, valued at $43,397,077.26. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,280 shares of company stock worth $8,085,170 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GWRE. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Robert W. Baird increased their price target 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. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. One 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’s stock. Based on data from MarketBeat.com, the company 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.