Groupama Asset Managment Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Groupama Asset Managment bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 250,000 shares of the technology company’s stock, valued at approximately $42,145,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atomi Financial Group Inc. raised its holdings in shares of Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new position in Guidewire Software in the fourth quarter valued at $2,110,000. GDS Wealth Management raised its stake in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after buying an additional 31,512 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Guidewire Software during the 4th quarter worth about $427,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price 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. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Guidewire Software Stock Performance

Shares of GWRE opened at $187.40 on Tuesday. The stock has a market capitalization of $15.72 billion, a P/E ratio of 520.56, 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 quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company’s fifty day moving average is $199.54 and its two-hundred day moving average is $188.94.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results 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). The firm 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%. On average, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at $58,979,036.40. This represents a 0.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares of the company’s stock, valued at $12,845,281.32. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,580 shares of company stock worth $7,417,937. Company 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.