American Capital Management Inc. Has $78.90 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

American Capital Management Inc. decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.8% in the 3rd quarter, Holdings Channel reports. The fund owned 431,277 shares of the technology company’s stock after selling 8,115 shares during the period. Guidewire Software accounts for 2.6% of American Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. American Capital Management Inc.’s holdings in Guidewire Software were worth $78,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Circle Wealth Management LLC bought a new stake in shares of Guidewire Software during the third quarter worth $1,048,000. PDT Partners LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at $1,006,000. Eventide Asset Management LLC bought a new stake in Guidewire Software during the 3rd quarter worth $1,951,000. Verition Fund Management LLC increased its holdings in Guidewire Software by 161.8% in the 3rd quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company’s stock worth $3,907,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Guidewire Software by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company’s stock worth $2,425,000 after purchasing an additional 153 shares in the last quarter.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,116,179 in the last quarter. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

GWRE stock opened at $202.89 on Friday. The stock has a 50-day moving average price of $189.29 and a 200-day moving average price of $157.89. Guidewire Software, Inc. has a 1-year low of $95.02 and a 1-year high of $207.10.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GWRE. DA Davidson restated a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Citigroup raised their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, JMP Securities increased their price objective on Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.08.

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.