Guidewire Software, Inc. (NYSE:GWRE) is Stephens Investment Management Group LLC's Largest Position

Stephens Investment Management Group LLC increased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754,924 shares of the technology company's stock after acquiring an additional 8,514 shares during the period. Guidewire Software makes up 2.0% of Stephens Investment Management Group LLC's portfolio, making the stock its biggest position. Stephens Investment Management Group LLC owned approximately 0.90% of Guidewire Software worth $141,443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GWRE. Proficio Capital Partners LLC acquired a new stake in shares of Guidewire Software in the 4th quarter worth about $12,050,000. Amundi grew its position in Guidewire Software by 32.1% in the 4th quarter. Amundi now owns 18,299 shares of the technology company's stock valued at $3,141,000 after buying an additional 4,445 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Guidewire Software by 13.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,023 shares of the technology company's stock valued at $3,544,000 after buying an additional 2,467 shares in the last quarter. AGF Management Ltd. bought a new position in Guidewire Software in the 4th quarter valued at about $2,159,000. Finally, HighTower Advisors LLC grew its position in Guidewire Software by 5.0% in the 4th quarter. HighTower Advisors LLC now owns 8,756 shares of the technology company's stock valued at $1,476,000 after buying an additional 415 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, JMP Securities increased their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded down $0.66 during trading hours on Wednesday, hitting $220.30. 534,666 shares of the company's stock traded hands, compared to its average volume of 969,684. 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 quick ratio of 3.23 and a current ratio of 3.23. The company's fifty day simple moving average is $228.93 and its two-hundred day simple moving average is $205.38. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 550.76, a price-to-earnings-growth ratio of 19.59 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 for the quarter, topping the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 245,993 shares of the company's stock, valued at $63,097,204.50. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Winston King sold 2,482 shares of Guidewire Software stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider directly owned 37,441 shares in the company, valued at approximately $8,261,356.65. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,342 shares of company stock valued at $4,797,839 over the last ninety days. Corporate insiders own 0.48% of the company's stock.

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.