Yousif Capital Management LLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Yousif Capital Management LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,748 shares of the technology company's stock, valued at approximately $5,386,000.

Several other large investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its holdings in Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the period. Ossiam purchased a new position in shares of Guidewire Software in the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 buying an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the 4th quarter worth approximately $34,000. Finally, Colonial Trust Co SC grew its stake in Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after buying an additional 183 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's 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 $259,042.00. Following the completion of the sale, the chief executive officer now directly owns 267,730 shares in the company, valued at $49,538,081.90. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 1,051 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,671 shares of company stock valued at $5,592,148 over the last three months. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Guidewire Software from $230.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Citigroup increased 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, June 5th. Bank of America increased their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average target price of $247.00.

Guidewire Software Trading Up 1.0%

Shares of NYSE:GWRE traded up $2.53 during midday trading on Friday, reaching $253.17. The company's stock had a trading volume of 831,859 shares, compared to its average volume of 947,990. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 703.25, a price-to-earnings-growth ratio of 37.21 and a beta of 1.15. 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 business has a 50 day moving average price of $211.75 and a 200 day moving average price of $197.24. Guidewire Software, Inc. has a 1 year low of $131.82 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 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 return on equity of 2.38% and a net margin of 2.91%. The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current 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.