Blair William & Co. IL Lowers Position in Guidewire Software, Inc. (NYSE:GWRE)

Blair William & Co. IL trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,213,515 shares of the technology company’s stock after selling 34,642 shares during the quarter. Blair William & Co. IL owned 1.45% of Guidewire Software worth $204,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after acquiring an additional 56 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares during the last quarter. Norden Group LLC raised its stake in shares of Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after purchasing an additional 61 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after buying an additional 75 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after buying an additional 99 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group lifted 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. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 2.4 %

Guidewire Software stock opened at $193.58 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock has a market cap of $16.24 billion, a P/E ratio of 537.72, a PEG ratio of 37.21 and a beta of 1.31. The firm’s fifty day moving average price is $198.95 and its 200-day moving average price is $188.37.

Guidewire Software (NYSE:GWRE) last released 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 business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the sale, the chief financial officer now owns 73,494 shares of the company’s stock, valued at $12,845,281.32. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock worth $7,159,763 over the last three months. 0.48% of the stock is owned by insiders.

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.