GAMMA Investing LLC Purchases 259,481 Shares of Guidewire Software, Inc. (NYSE:GWRE)

GAMMA Investing LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 27,342.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,430 shares of the technology company's stock after purchasing an additional 259,481 shares during the period. GAMMA Investing LLC owned approximately 0.31% of Guidewire Software worth $487,940,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Ossiam bought a new stake in Guidewire Software during the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 worth $34,000 after purchasing an additional 99 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $47,000.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $32.70 on Wednesday, reaching $250.88. 2,980,593 shares of the company's stock were exchanged, compared to its average volume of 946,369. 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 company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 696.89, a PEG ratio of 37.21 and a beta of 1.18. The company has a fifty day moving average of $200.46 and a 200-day moving average of $194.29. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $262.93.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm's revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,956 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $370,485.96. Following the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at $13,550,012.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares in the company, valued at approximately $45,762,865.20. The trade was a 0.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,671 shares of company stock valued at $5,471,104. Corporate insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GWRE. DA Davidson reiterated a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a report on Wednesday. JMP Securities boosted their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, Bank of America raised their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $232.83.

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.