Massachusetts Financial Services Co. MA Raises Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,157,195 shares of the technology company's stock after acquiring an additional 720,322 shares during the period. Massachusetts Financial Services Co. MA owned about 6.15% of Guidewire Software worth $966,252,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Congress Asset Management Co. purchased a new stake in shares of Guidewire Software during the 1st quarter valued at $85,453,000. Arrowstreet Capital Limited Partnership increased its holdings in Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after acquiring an additional 393,445 shares during the last quarter. Rathbones Group PLC purchased a new stake in Guidewire Software in the 4th quarter worth about $58,118,000. Finally, Balyasny Asset Management L.P. increased its holdings in Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after acquiring an additional 329,863 shares during the last quarter.

Guidewire Software Price Performance

Shares of GWRE traded down $1.20 during trading hours on Tuesday, reaching $220.98. 614,980 shares of the company's stock traded hands, compared to its average volume of 969,851. The stock has a market cap of $18.60 billion, a PE ratio of 552.45, a price-to-earnings-growth ratio of 19.70 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm's 50 day simple moving average is $228.80 and its 200-day simple moving average is $205.28. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on GWRE shares. Oppenheimer lifted their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. 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. Wells Fargo & Company lifted their price objective on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, JMP Securities lifted their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $248.31.

Insider Transactions at Guidewire Software

In other Guidewire Software news, Director Michael C. Keller sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total value of $237,530.00. Following the completion of the sale, the director owned 10,410 shares in the company, valued at approximately $2,472,687.30. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,342 shares of company stock worth $4,797,839. 0.48% of the stock is owned by corporate 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.