Man Group plc Grows Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Man Group plc boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 517.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,722 shares of the technology company's stock after acquiring an additional 38,315 shares during the quarter. Man Group plc owned 0.05% of Guidewire Software worth $7,708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 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. boosted its stake in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the last quarter. R Squared Ltd bought a new stake in shares of Guidewire Software in the 4th quarter valued at $47,000. Finally, Colonial Trust Co SC boosted 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 last quarter.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total transaction of $432,285.00. Following the transaction, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.65, for a total transaction of $285,110.00. Following the transaction, the chief executive officer now owns 271,930 shares in the company, valued at $55,378,544.50. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock worth $6,210,967 in the last quarter. Corporate insiders own 0.48% of the company's stock.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, DA Davidson reiterated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

Guidewire Software Trading Down 1.6%

Shares of NYSE GWRE traded down $3.27 during mid-day trading on Thursday, hitting $207.57. The stock had a trading volume of 1,176,615 shares, compared to its average volume of 927,044. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50 day moving average price of $197.60 and a two-hundred day moving average price of $193.27. The firm has a market cap of $17.41 billion, a P/E ratio of 576.58, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $107.65 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.