Ranger Investment Management L.P. Has $29.14 Million Stock Position in Guidewire Software, Inc. $GWRE

Ranger Investment Management L.P. trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,750 shares of the technology company’s stock after selling 6,605 shares during the quarter. Guidewire Software comprises 2.0% of Ranger Investment Management L.P.’s portfolio, making the stock its 18th biggest holding. Ranger Investment Management L.P. owned 0.15% of Guidewire Software worth $29,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Linonia Partnership LP increased its holdings in shares of Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after acquiring an additional 1,000,709 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Guidewire Software by 3,636.9% during the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after purchasing an additional 711,893 shares during the period. Groupama Asset Managment grew its holdings in Guidewire Software by 240.0% during the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after purchasing an additional 600,000 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Guidewire Software by 405.1% during the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after purchasing an additional 431,725 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Guidewire Software by 2.4% in the second quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock valued at $2,100,838,000 after purchasing an additional 211,047 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on GWRE shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup upped their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada boosted their price objective on Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $272.92.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 798 shares of Guidewire Software stock in a transaction on Monday, November 17th. The shares were sold at an average price of $222.54, for a total transaction of $177,586.92. Following the sale, the insider owned 37,019 shares in the company, valued at $8,238,208.26. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $210.87, for a total transaction of $295,218.00. Following the completion of the sale, the chief executive officer directly owned 248,158 shares in the company, valued at $52,329,077.46. This trade represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 112,342 shares of company stock valued at $27,043,386. 0.46% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

NYSE GWRE opened at $205.13 on Friday. The company’s fifty day moving average is $225.34 and its two-hundred day moving average is $228.75. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 195.36, a P/E/G ratio of 13.43 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. Equities research analysts forecast 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.