Cubist Systematic Strategies LLC Invests $906,000 in Guidewire Software Inc (NYSE:GWRE)

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Cubist Systematic Strategies LLC acquired a new position in Guidewire Software Inc (NYSE:GWRE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,205 shares of the technology company’s stock, valued at approximately $906,000.

A number of other institutional investors also recently added to or reduced their stakes in GWRE. Aperio Group LLC lifted its position in shares of Guidewire Software by 68.7% during the 4th quarter. Aperio Group LLC now owns 8,831 shares of the technology company’s stock valued at $656,000 after buying an additional 3,597 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Guidewire Software by 332.8% during the 4th quarter. Teacher Retirement System of Texas now owns 26,487 shares of the technology company’s stock valued at $1,967,000 after buying an additional 20,367 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Guidewire Software by 20.2% during the 4th quarter. California Public Employees Retirement System now owns 119,291 shares of the technology company’s stock valued at $8,859,000 after buying an additional 20,035 shares in the last quarter. Sei Investments Co. lifted its position in shares of Guidewire Software by 49.4% during the 4th quarter. Sei Investments Co. now owns 167,786 shares of the technology company’s stock valued at $12,460,000 after buying an additional 55,443 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Guidewire Software by 186.0% during the 4th quarter. First Trust Advisors LP now owns 302,539 shares of the technology company’s stock valued at $22,467,000 after buying an additional 196,742 shares in the last quarter.

In related news, CEO Marcus Ryu sold 19,705 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $79.05, for a total transaction of $1,557,680.25. Following the completion of the transaction, the chief executive officer now directly owns 32,270 shares in the company, valued at approximately $2,550,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Polelle sold 2,821 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $92.85, for a total value of $261,929.85. Following the transaction, the insider now owns 7,240 shares of the company’s stock, valued at $672,234. The disclosure for this sale can be found here. Insiders have sold a total of 58,653 shares of company stock valued at $5,030,221 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

GWRE has been the topic of a number of recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson increased their price objective on Guidewire Software from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, June 7th. JPMorgan Chase & Co. increased their price objective on Guidewire Software to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, June 6th. Finally, William Blair reissued an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $94.11.

Shares of GWRE opened at $88.78 on Friday. Guidewire Software Inc has a 52-week low of $67.89 and a 52-week high of $96.19. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 2,206.00, a P/E/G ratio of 200.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.97 and a quick ratio of 5.97.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $140.47 million during the quarter, compared to the consensus estimate of $137.31 million. Guidewire Software had a positive return on equity of 0.30% and a negative net margin of 12.83%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. sell-side analysts forecast that Guidewire Software Inc will post 0.06 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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