Lecap Asset Management Ltd. Raises Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Lecap Asset Management Ltd. raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 135.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,554 shares of the technology company’s stock after purchasing an additional 14,715 shares during the period. Guidewire Software accounts for approximately 1.0% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 3rd biggest position. Lecap Asset Management Ltd.’s holdings in Guidewire Software were worth $4,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Banque Cantonale Vaudoise raised its holdings in Guidewire Software by 78.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 498 shares of the technology company’s stock worth $58,000 after purchasing an additional 219 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Guidewire Software in the first quarter valued at $4,112,000. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in Guidewire Software during the first quarter valued at $309,000. Wasatch Advisors LP grew its holdings in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the period. Finally, Norden Group LLC bought a new position in shares of Guidewire Software in the 1st quarter worth about $1,238,000.

Insiders Place Their Bets

In related news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. DA Davidson reaffirmed a “buy” rating and issued a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. Oppenheimer reiterated an “outperform” rating and set a $200.00 price objective (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Finally, Citigroup upped their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Trading Down 1.0 %

NYSE GWRE opened at $187.18 on Wednesday. The business has a fifty day simple moving average of $168.16 and a 200 day simple moving average of $142.50. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $191.48. The firm has a market capitalization of $15.47 billion, a P/E ratio of -1,439.85 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.53 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.