OFI Invest Asset Management Buys Shares of 15,000 Guidewire Software, Inc. (NYSE:GWRE)

OFI Invest Asset Management bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 15,000 shares of the technology company’s stock, valued at approximately $2,442,000.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. grew its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the third quarter worth about $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software during the fourth quarter worth about $34,000. Finally, Brooklyn Investment Group acquired a new position in Guidewire Software in the third quarter valued at approximately $42,000.

Insider Buying and Selling

In related news, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,656 shares of company stock valued at $7,856,836 over the last quarter. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GWRE shares. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group boosted 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 issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Guidewire Software Trading Down 7.1 %

Shares of GWRE stock opened at $173.72 on Friday. The business’s fifty day moving average price is $194.68 and its 200 day moving average price is $184.83. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The firm has a market capitalization of $14.51 billion, a PE ratio of 482.56, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

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.