Banco Santander S.A. Takes $427,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Banco Santander S.A. acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,531 shares of the technology company’s stock, valued at approximately $427,000.

A number of other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in Guidewire Software during the 4th quarter worth approximately $25,000. Assetmark Inc. lifted its holdings 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 purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the third quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software in the fourth quarter valued at $34,000. Finally, Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter worth $42,000.

Guidewire Software Price Performance

GWRE stock opened at $166.60 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company’s 50-day moving average is $194.68 and its 200-day moving average is $185.09. The stock has a market capitalization of $13.91 billion, a PE ratio of 462.78, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results 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). The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,056 shares of company stock valued at $8,094,892. 0.48% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on GWRE shares. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.