7,350 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,350 shares of the technology company’s stock, valued at approximately $1,239,000.

Several other large investors have also recently bought and sold shares of GWRE. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. boosted its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new position in Guidewire Software in the 4th quarter valued at $34,000. Finally, Brooklyn Investment Group bought a new position in Guidewire Software in the 3rd quarter valued at $42,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GWRE shares. Oppenheimer raised their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group raised their price objective 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. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective 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. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $185.85 on Friday. The company’s fifty day moving average is $195.00 and its 200 day moving average is $185.29. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The stock has a market cap of $15.52 billion, a PE ratio of 516.26, a PEG ratio of 37.21 and a beta of 1.31. 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 (NYSE:GWRE) last released its quarterly earnings data 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). 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 analysts’ expectations of $285.74 million. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,056 shares of company stock worth $8,094,892. 0.48% 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.