Bleakley Financial Group LLC Invests $243,000 in Guidewire Software, Inc. (NYSE:GWRE)

Bleakley Financial Group LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,230 shares of the technology company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gotham Asset Management LLC grew its holdings in shares of Guidewire Software by 253.3% during the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after buying an additional 8,970 shares in the last quarter. Vanguard Group Inc. grew its holdings in Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after purchasing an additional 38,954 shares during the period. AQR Capital Management LLC grew its holdings in Guidewire Software by 32.9% in the third quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock valued at $4,778,000 after purchasing an additional 13,136 shares during the period. Hsbc Holdings PLC grew its holdings in Guidewire Software by 1,318.8% in the third quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock valued at $3,880,000 after purchasing an additional 39,669 shares during the period. Finally, Yarbrough Capital LLC grew its holdings in Guidewire Software by 56.3% in the fourth quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company’s stock valued at $820,000 after purchasing an additional 2,709 shares during the period.

Insider Activity

In other news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Mullen sold 3,665 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $109.30 on Tuesday. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $122.35. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of -176.29 and a beta of 1.15. The firm has a 50-day moving average of $115.98 and a two-hundred day moving average of $105.57.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. As a group, analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James initiated coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Wells Fargo & Company raised shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Oppenheimer lifted their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

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.