Yorktown Management & Research Co Inc Purchases New Stake in Guidewire Software, Inc. (NYSE:GWRE)

Yorktown Management & Research Co Inc bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,400 shares of the technology company's stock, valued at approximately $262,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after buying an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Stockbridge Partners LLC lifted its position in Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after buying an additional 205,382 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after acquiring an additional 12,697 shares during the last quarter.

Guidewire Software Trading Down 0.5%

GWRE stock traded down $1.13 during mid-day trading on Tuesday, reaching $237.27. 875,157 shares of the stock traded hands, compared to its average volume of 953,908. The business has a 50-day moving average price of $218.75 and a two-hundred day moving average price of $199.14. The stock has a market capitalization of $19.98 billion, a PE ratio of 593.17, a PEG ratio of 23.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same quarter last year, the firm posted $0.26 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael C. Keller sold 860 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $254.53, for a total value of $218,895.80. Following the sale, the director now directly owns 11,410 shares in the company, valued at $2,904,187.30. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,160 shares of company stock worth $3,542,237 in the last ninety days. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a report on Monday. Oppenheimer raised their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Bank of America lifted their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Raymond James Financial increased their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $247.00.

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.