Sei Investments Co. Acquires 4,386 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Sei Investments Co. grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,183 shares of the technology company’s stock after buying an additional 4,386 shares during the quarter. Sei Investments Co. owned 0.43% of Guidewire Software worth $61,057,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after acquiring an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after purchasing an additional 53,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Guidewire Software by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock worth $88,098,000 after buying an additional 4,386 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in Guidewire Software by 1.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company’s stock valued at $40,255,000 after buying an additional 3,715 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the sale, the president now directly owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,780 shares of company stock valued at $6,886,553 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. One equities 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 MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $191.84 on Monday. 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’s fifty day moving average price is $197.47 and its 200-day moving average price is $187.69. The stock has a market cap of $16.09 billion, a PE ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.