Stablepoint Partners LLC Makes New $537,000 Investment in Guidewire Software, Inc. (NYSE:GWRE)

Stablepoint Partners LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,865 shares of the technology company's stock, valued at approximately $537,000.

A number of other hedge funds have also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 valued at $159,503,000 after acquiring an additional 418,642 shares during the period. Janus Henderson Group PLC raised its stake in shares of Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after acquiring an additional 393,445 shares during the last quarter. Rathbones Group PLC acquired a new position in shares of Guidewire Software during the fourth quarter worth $58,118,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after purchasing an additional 329,863 shares during the period.

Analyst Ratings Changes

GWRE has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday. Robert W. Baird increased their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Citigroup raised their price objective on Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research report on Thursday. Raymond James upped their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $247.00.

Insider Activity

In other news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now directly owns 166,330 shares in the company, valued at $31,504,565.30. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now owns 269,130 shares in the company, valued at $45,762,865.20. This represents a 0.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,671 shares of company stock worth $5,471,104 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 0.3%

Shares of NYSE GWRE opened at $255.36 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.42 billion, a PE ratio of 709.34, a P/E/G ratio of 37.21 and a beta of 1.15. The company's fifty day simple moving average is $204.44 and its 200 day simple moving average is $195.53. Guidewire Software, Inc. has a 12-month low of $129.02 and a 12-month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. During the same quarter in the prior year, the firm earned $0.26 EPS. The business's revenue was up 22.0% on a year-over-year basis. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share 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.

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