Kovitz Investment Group Partners LLC Makes New $207,000 Investment in Guidewire Software, Inc. (NYSE:GWRE)

Kovitz Investment Group Partners LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,229 shares of the technology company's stock, valued at approximately $207,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter valued at about $25,000. Ossiam purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software during the fourth quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% in 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 during the period. Finally, R Squared Ltd acquired a new position in Guidewire Software in the 4th quarter valued at $47,000.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now directly owns 164,030 shares in the company, valued at $30,829,438.50. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,771 shares of company stock valued at $7,134,011. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 2.4 %

Shares of Guidewire Software stock opened at $209.61 on Friday. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 582.25, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average price of $190.29 and a 200 day moving average price of $190.83.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird raised their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.08.

Guidewire Software 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.

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