Calamos Advisors LLC Has $890,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Calamos Advisors LLC lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 99.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,748 shares of the technology company's stock after selling 9,397,355 shares during the quarter. Calamos Advisors LLC's holdings in Guidewire Software were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares in the last quarter. Congress Asset Management Co. bought a new stake in Guidewire Software during the first quarter valued at about $85,453,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after purchasing an additional 418,642 shares during the period. Janus Henderson Group PLC boosted its stake in Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after purchasing an additional 393,445 shares during the period. Finally, Rathbones Group PLC bought a new position in Guidewire Software in the 4th quarter worth approximately $58,118,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GWRE shares. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Raymond James Financial lifted their price objective on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Bank of America upped their target price on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, June 4th. JMP Securities lifted their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Price Performance

GWRE stock traded up $2.85 during midday trading on Monday, reaching $233.23. 849,349 shares of the company's stock traded hands, compared to its average volume of 966,774. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 583.08, a PEG ratio of 20.43 and a beta of 1.16. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $226.05 and a two-hundred day simple moving average of $202.95.

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

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the transaction, the chief executive officer owned 245,993 shares of the company's stock, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the sale, the president owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,460 shares of company stock worth $3,891,156 over the last quarter. 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.