Moore Capital Management LP Increases Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Moore Capital Management LP raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 731.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,671 shares of the technology company's stock after purchasing an additional 12,027 shares during the period. Moore Capital Management LP's holdings in Guidewire Software were worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Ossiam acquired a new stake in Guidewire Software during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Guidewire Software by 101.0% during the fourth 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. R Squared Ltd acquired a new position in Guidewire Software during the fourth quarter worth $47,000. Finally, Colonial Trust Co SC increased its holdings in Guidewire Software by 176.0% during the fourth 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.

Guidewire Software Price Performance

Shares of GWRE stock traded up $1.38 on Friday, reaching $216.55. The company had a trading volume of 582,623 shares, compared to its average volume of 925,646. The stock has a market capitalization of $18.16 billion, a PE ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59. The business's 50-day moving average is $195.22 and its 200 day moving average is $192.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity

In related news, President John P. Mullen sold 2,300 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $467,199.00. Following the transaction, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Winston King sold 1,051 shares of the stock in a transaction 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 transaction, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,207,005 over the last quarter. 0.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.

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.