Brown Capital Management Llc Is Buying Guidewire Software Inc. (NYSE:GWRE) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Guidewire Software Inc. (NYSE:GWRE) reported that Brown Capital Management Llc has picked up 3,758,245 of common stock as of 2016-12-09.

The acquisition brings the aggregate amount owned by Brown Capital Management Llc to a total of 3,758,245 representing a 5.11% stake in the company.

For those not familiar with the company, Guidewire Software, Inc. is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers.

A glance at Guidewire Software Inc. (NYSE:GWRE)’s key stats reveals a current market capitalization of $4.11 billion based on 73.51 million shares outstanding and a price at last close of $53.89 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-06-05, Cavoores picked up 5,000 at a purchase price of $37.12.  This brings their total holding to 12,122 as of the date of the filing.

On the sell side, the most recent transaction saw Ryu unload 5,000 shares at a sale price of $55.34. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Guidewire Software Inc. (NYSE:GWRE) as things move forward to see if its progress aligns with these transactions.

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