Diversify Wealth Management LLC Sells 232 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Diversify Wealth Management LLC lessened its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,386 shares of the technology company’s stock after selling 232 shares during the period. Diversify Wealth Management LLC’s holdings in Guidewire Software were worth $579,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares in the last quarter. Linonia Partnership LP raised its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after buying an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after buying an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after buying an additional 53,967 shares in the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares of the company’s stock, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Winston King sold 1,509 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 value of $258,129.54. Following the transaction, the insider now directly owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,606 shares of company stock valued at $5,141,309. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $181.54 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $15.16 billion, a PE ratio of 504.27, a price-to-earnings-growth ratio of 46.43 and a beta of 1.23. The business has a 50 day moving average price of $182.37 and a 200-day moving average price of $170.73. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

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.