Bridgeway Capital Management LLC Buys New Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Bridgeway Capital Management LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,250 shares of the technology company's stock, valued at approximately $1,222,000.

A number of other hedge funds have also recently made changes to their positions in GWRE. Ossiam bought a new stake in Guidewire Software in the 4th quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Guidewire Software by 101.0% during the 4th 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 last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter worth approximately $34,000. R Squared Ltd bought a new position in Guidewire Software in the 4th quarter worth $47,000. Finally, Tobam bought a new stake in shares of Guidewire Software during the 4th quarter valued at $52,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GWRE shares. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Down 0.3%

Shares of NYSE:GWRE traded down $0.67 during trading hours on Wednesday, hitting $213.83. The company's stock had a trading volume of 813,714 shares, compared to its average volume of 922,207. The firm's fifty day moving average price is $193.38 and its 200 day moving average price is $192.19. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 593.97, a P/E/G ratio of 37.21 and a beta of 1.18. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business 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%. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the completion of the sale, the chief executive officer now owns 271,930 shares of the company's stock, valued at approximately $55,378,544.50. This trade represents 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 the SEC website. Also, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the transaction, the president now owns 172,446 shares in the company, valued at approximately $35,028,955.98. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock valued at $6,207,005 over the last ninety days. 0.48% of the stock is owned by company insiders.

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.