Guidewire Software, Inc. (NYSE:GWRE) is SurgoCap Partners LP's 8th Largest Position

SurgoCap Partners LP increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 810,942 shares of the technology company's stock after purchasing an additional 123,656 shares during the quarter. Guidewire Software accounts for approximately 7.0% of SurgoCap Partners LP's investment portfolio, making the stock its 8th largest position. SurgoCap Partners LP owned 0.97% of Guidewire Software worth $136,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Ossiam bought a new stake in shares of Guidewire Software during the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of 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 during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 4th quarter worth $34,000. R Squared Ltd bought a new position in Guidewire Software during the fourth quarter worth about $47,000. Finally, Colonial Trust Co SC raised its position in shares of Guidewire Software by 176.0% in the fourth 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 traded down $4.57 during trading on Wednesday, reaching $210.73. 466,262 shares of the company traded hands, compared to its average volume of 924,287. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The firm has a fifty day simple moving average of $196.79 and a 200 day simple moving average of $193.00. The company has a market cap of $17.68 billion, a P/E ratio of 585.35, a PEG ratio of 37.21 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird increased 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. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.

Insider Activity

In related news, Director Michael C. Keller sold 1,848 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the completion of the sale, the director now owns 12,270 shares of the company's stock, valued at approximately $2,270,318.10. This trade represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the sale, the chief executive officer now directly owns 271,930 shares of the company's stock, valued at approximately $55,378,544.50. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,371 shares of company stock valued at $6,210,967. 0.48% of the stock is currently owned by company insiders.

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.