Russell Investments Group Ltd. Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Russell Investments Group Ltd. boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 111.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,792 shares of the technology company's stock after purchasing an additional 118,334 shares during the period. Russell Investments Group Ltd. owned 0.27% of Guidewire Software worth $24,511,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company's stock valued at $165,831,000 after purchasing an additional 1,079,268 shares during the period. Brown Advisory Inc. increased its position in Guidewire Software by 2,902.6% during the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company's stock worth $42,824,000 after buying an additional 459,973 shares during the last quarter. Van ECK Associates Corp raised its stake in Guidewire Software by 16.2% in the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company's stock valued at $190,440,000 after buying an additional 294,631 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Guidewire Software by 628.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company's stock valued at $28,184,000 after buying an additional 270,169 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Guidewire Software during the 4th quarter worth approximately $17,240,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James initiated coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price target on the stock. Oppenheimer increased their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. DA Davidson restated a "buy" rating and issued a $126.00 price target on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Robert W. Baird upped their price objective on Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.11.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $2.49 during trading on Thursday, hitting $113.29. 418,248 shares of the company were exchanged, compared to its average volume of 612,887. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35. The company has a market capitalization of $9.33 billion, a P/E ratio of -178.79 and a beta of 1.14. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $114.39 and its 200-day moving average is $107.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Equities analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company's stock, valued at $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John P. Mullen sold 3,665 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares of the company's stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,435 shares of company stock valued at $1,053,821. 0.38% 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.