Great Lakes Advisors LLC Trims Position in Guidewire Software, Inc. (NYSE:GWRE)

Great Lakes Advisors LLC decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 149,356 shares of the technology company’s stock after selling 5,410 shares during the period. Great Lakes Advisors LLC’s holdings in Guidewire Software were worth $25,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $34,000. Finally, Brooklyn Investment Group purchased a new position in shares of Guidewire Software during the third quarter valued at approximately $42,000.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the transaction, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,056 shares of company stock valued at $8,094,892. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Guidewire Software stock opened at $172.93 on Wednesday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a fifty day moving average of $194.72 and a 200-day moving average of $185.42. The firm has a market capitalization of $14.44 billion, a P/E ratio of 480.37, a PEG ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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 analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

GWRE has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.