Sei Investments Co. Grows Stake in Guidewire Software, Inc. (NYSE:GWRE)

Sei Investments Co. increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 362,183 shares of the technology company’s stock after acquiring an additional 4,386 shares during the quarter. Sei Investments Co.’s holdings in Guidewire Software were worth $61,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its stake in shares of Guidewire Software by 22.2% during 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 during the period. Donoghue Forlines LLC bought a new stake in Guidewire Software during the fourth quarter valued at approximately $2,110,000. GDS Wealth Management grew its position in Guidewire Software by 618.5% during 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 during the period. Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter. Finally, Banco Santander S.A. bought a new position in Guidewire Software in the fourth quarter worth approximately $427,000.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent research reports. Oppenheimer boosted 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. DA Davidson restated 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 reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $191.84 on Monday. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The firm has a fifty day moving average price of $197.47 and a 200 day moving average price of $187.69. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. 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 (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,780 shares of company stock valued at $6,886,553. Insiders own 0.48% of the company’s stock.

Guidewire Software Company 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.