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

Yousif Capital Management LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,748 shares of the technology company's stock, valued at approximately $5,386,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in Guidewire Software by 70.0% during the first 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 in the last quarter. Ossiam purchased a new stake in shares of Guidewire Software in the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 acquiring an additional 99 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the 4th quarter valued at about $34,000. Finally, Colonial Trust Co SC grew its position in 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 acquiring an additional 183 shares in the last quarter.

Guidewire Software Stock Up 0.1%

Guidewire Software stock traded up $0.18 during midday trading on Thursday, reaching $250.93. The company's stock had a trading volume of 660,704 shares, compared to its average volume of 945,148. The company has a market cap of $21.13 billion, a P/E ratio of 697.03, a P/E/G 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 simple moving average of $208.62 and a 200-day simple moving average of $196.64. Guidewire Software, Inc. has a fifty-two week low of $131.82 and a fifty-two week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued 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 analyst estimates of $286.40 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $231.00 to $271.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer increased their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Raymond James raised their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $247.00.

Insider Activity

In other news, insider James Winston King sold 1,051 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the transaction, the insider now directly owns 44,613 shares of the company's stock, valued at $8,450,148.33. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the sale, the chief executive officer now owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,671 shares of company stock worth $5,592,148. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Company Profile

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.