Guidewire Software, Inc. (NYSE:GWRE) is Stockbridge Partners LLC’s 3rd Largest Position

Stockbridge Partners LLC grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,678,857 shares of the technology company’s stock after purchasing an additional 205,382 shares during the period. Guidewire Software makes up approximately 9.6% of Stockbridge Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Stockbridge Partners LLC’s holdings in Guidewire Software were worth $451,602,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the fourth quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after purchasing an additional 99 shares during the last quarter. R Squared Ltd purchased a new position in Guidewire Software in the fourth quarter worth $47,000. Finally, Colonial Trust Co SC grew its holdings in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock worth $48,000 after purchasing an additional 183 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWRE. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.08.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.65, for a total transaction of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares of the company’s stock, valued at approximately $55,378,544.50. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 1,051 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now directly owns 44,613 shares of the company’s stock, valued at $8,450,148.33. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,371 shares of company stock valued at $6,207,005 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Guidewire Software stock opened at $216.55 on Friday. The firm has a 50 day simple moving average of $195.22 and a 200-day simple moving average of $192.59. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 firm had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. On average, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current 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.