Lisanti Capital Growth LLC Acquires 4,455 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Lisanti Capital Growth LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 28.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,205 shares of the technology company's stock after acquiring an additional 4,455 shares during the period. Lisanti Capital Growth LLC's holdings in Guidewire Software were worth $3,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ossiam bought a new stake in Guidewire Software in the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Guidewire Software by 70.0% in the 1st 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 period. Dunhill Financial LLC bought a new stake in shares of Guidewire Software in the 1st quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter valued at $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 worth $34,000 after buying an additional 99 shares during the period.

Guidewire Software Stock Down 1.7%

NYSE:GWRE traded down $4.08 on Tuesday, hitting $231.37. 878,972 shares of the company's stock were exchanged, compared to its average volume of 962,811. The firm has a 50-day moving average price of $224.11 and a 200-day moving average price of $201.56. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market cap of $19.48 billion, a P/E ratio of 578.43, a price-to-earnings-growth ratio of 20.88 and a beta of 1.16.

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 (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.26 earnings per share. Guidewire Software's revenue was up 22.0% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on GWRE. Oppenheimer boosted their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Stifel Nicolaus upped 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. Finally, Raymond James Financial raised their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $248.31.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of the sale, the chief executive officer owned 245,993 shares in the company, valued at $63,097,204.50. This trade 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. Insiders have sold 15,860 shares of company stock worth $3,420,954 in the last 90 days. 0.48% of the stock is currently owned by 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.