Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 16.5% during the fourth quarter, HoldingsChannel reports. The fund owned 42,444 shares of the technology company’s stock after selling 8,412 shares during the period. Guidewire Software comprises approximately 1.1% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Exchange Capital Management Inc.’s holdings in Guidewire Software were worth $7,155,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares during the last quarter. Geode Capital Management LLC raised its holdings in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC raised its position 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 valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after purchasing an additional 53,967 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in Guidewire Software by 1.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company’s stock valued at $40,255,000 after purchasing an additional 3,715 shares during the last quarter.

Guidewire Software Stock Down 0.9 %

NYSE GWRE opened at $201.80 on Tuesday. The stock’s 50 day simple moving average is $190.96 and its 200 day simple moving average is $182.10. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The firm has a market cap of $16.85 billion, a PE ratio of 560.55, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction on Tuesday, December 17th. The stock was 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 owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,556 shares of company stock worth $6,820,145. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research reports. Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird upped their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.50.

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.