70,155 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,155 shares of the technology company's stock, valued at approximately $11,827,000. Mackenzie Financial Corp owned 0.08% of Guidewire Software as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ossiam bought a new stake in shares of Guidewire Software in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 purchasing an additional 99 shares in the last quarter. R Squared Ltd bought a new position in Guidewire Software during the 4th quarter worth about $47,000. Finally, Colonial Trust Co SC raised its stake in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares during the period.

Guidewire Software Price Performance

GWRE stock traded up $3.58 during midday trading on Friday, reaching $214.90. 881,209 shares of the stock were exchanged, compared to its average volume of 936,046. The stock has a market capitalization of $18.03 billion, a PE ratio of 596.94, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a fifty day moving average price of $199.16 and a 200 day moving average price of $193.86. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the sale, the chief executive officer now owns 269,130 shares of the company's stock, valued at approximately $45,762,865.20. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now owns 172,446 shares in the company, valued at approximately $35,028,955.98. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,371 shares of company stock worth $6,222,685. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. DA Davidson downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price for the company. in a research report on Thursday, May 22nd. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.42.

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.