Cullen Frost Bankers Inc. Purchases New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, HoldingsChannel reports. The firm purchased 200 shares of the technology company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter valued at $25,000. Assetmark Inc. grew its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software during the third quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in Guidewire Software during the third quarter valued at $42,000. Finally, R Squared Ltd acquired a new stake in Guidewire Software during the fourth quarter valued at $47,000.

Guidewire Software Stock Performance

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

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results 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). The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total transaction of $147,000.00. Following the transaction, the president now directly owns 177,746 shares of the company’s stock, valued at $37,326,660. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the transaction, the chief executive officer now directly owns 269,130 shares in the company, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,056 shares of company stock valued at $8,094,892 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer lifted their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.