Lisanti Capital Growth LLC Has $2.66 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Lisanti Capital Growth LLC reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 58.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,750 shares of the technology company’s stock after selling 21,975 shares during the period. Lisanti Capital Growth LLC’s holdings in Guidewire Software were worth $2,655,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Inceptionr LLC acquired a new stake in shares of Guidewire Software during the 4th quarter valued at about $723,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software during the 4th quarter valued at about $34,000. Arizona State Retirement System lifted its holdings in Guidewire Software by 1.2% during the 4th quarter. Arizona State Retirement System now owns 22,890 shares of the technology company’s stock valued at $3,859,000 after purchasing an additional 278 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Guidewire Software during the 4th quarter valued at about $12,050,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Guidewire Software by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock valued at $88,098,000 after purchasing an additional 4,386 shares during the last quarter.

Insider Buying and Selling

In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the transaction, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 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 $483,757.68. Following the transaction, the chief financial officer now owns 74,911 shares of the company’s stock, valued at $12,814,275.66. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,656 shares of company stock worth $7,856,836. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GWRE shares. DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Stock Down 5.5 %

Guidewire Software stock opened at $186.54 on Friday. The stock has a market capitalization of $15.58 billion, a PE ratio of 518.17, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. 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 50 day moving average of $194.39 and a 200-day moving average of $184.38.

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%. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.