Tower Research Capital LLC TRC Has $252,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Tower Research Capital LLC TRC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 49,766.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,496 shares of the technology company's stock after buying an additional 1,493 shares during the quarter. Tower Research Capital LLC TRC's holdings in Guidewire Software were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GWRE. Wilmington Savings Fund Society FSB acquired a new position in shares of Guidewire Software in the 3rd quarter valued at about $125,000. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter valued at about $25,000. Westwind Capital increased its holdings in Guidewire Software by 1.7% during the 4th quarter. Westwind Capital now owns 76,551 shares of the technology company's stock worth $12,905,000 after purchasing an additional 1,306 shares in the last quarter. CHICAGO TRUST Co NA raised its position in Guidewire Software by 14.2% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,655 shares of the technology company's stock valued at $616,000 after buying an additional 455 shares during the last quarter. Finally, Cooper Financial Group purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $203,000.

Guidewire Software Stock Performance

NYSE:GWRE opened at $209.61 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 582.25, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The business has a 50 day moving average price of $190.29 and a 200-day moving average price of $190.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59.

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

Analyst Ratings Changes

A number of analysts recently commented on GWRE shares. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.42, for a total value of $291,788.00. Following the completion of the sale, the chief executive officer now owns 276,130 shares of the company's stock, valued at approximately $57,551,014.60. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Winston King sold 1,051 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,771 shares of company stock worth $7,134,011 in the last 90 days. Insiders own 0.48% of the company's stock.

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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