Catalyst Funds Management Pty Ltd Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 7,350 shares of the technology company’s stock, valued at approximately $1,239,000.

Several other hedge funds have also bought and sold shares of GWRE. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Guidewire Software during the third quarter worth about $26,501,000. Janus Henderson Group PLC boosted its stake in Guidewire Software by 355.8% during the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after acquiring an additional 126,806 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Guidewire Software by 192.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after buying an additional 88,304 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $12,050,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on GWRE shares. Robert W. Baird upped their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Stifel Nicolaus upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 700 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the transaction, the president now owns 177,746 shares of the company’s stock, valued at approximately $37,326,660. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,056 shares of company stock valued at $8,094,892. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 5.6 %

Shares of GWRE stock opened at $185.85 on Friday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The stock has a market cap of $15.52 billion, a P/E ratio of 516.26, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $195.00 and a two-hundred day simple moving average of $185.29.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 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 business had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current 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.