Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Guidewire Software, Inc. (NYSE:GWRE) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,751 shares of the technology company’s stock after purchasing an additional 23,166 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of Guidewire Software worth $32,832,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software in the fourth quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 valued at $34,000 after purchasing an additional 99 shares during the period. R Squared Ltd bought a new stake in shares of Guidewire Software during the fourth quarter valued at about $47,000. Finally, Tobam acquired a new stake in Guidewire Software in the fourth quarter worth about $52,000.

Guidewire Software Trading Up 0.5 %

Shares of NYSE GWRE opened at $175.08 on Tuesday. 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, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 486.34, a P/E/G ratio of 37.21 and a beta of 1.19. The business has a fifty day simple moving average of $198.29 and a 200-day simple moving average of $189.31.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 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 analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction 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 approximately $48,996,077.40. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $401,994.00. Following the transaction, the president now directly owns 178,446 shares in the company, valued at $31,188,791.88. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,280 shares of company stock worth $8,085,170. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several research analyst reports. The Goldman Sachs Group raised their target price 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. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One investment 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’s stock. According to data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.