Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,531 shares of the technology company’s stock after selling 520 shares during the period. Signaturefd LLC’s holdings in Guidewire Software were worth $932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $219,000. Oppenheimer & Co. Inc. purchased a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $415,000. KBC Group NV increased its holdings in shares of Guidewire Software by 15.3% in the third quarter. KBC Group NV now owns 2,087 shares of the technology company’s stock valued at $382,000 after purchasing an additional 277 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $196.55 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $196.62 and its 200 day moving average price is $186.78. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 545.96, a PEG ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS 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 analyst estimates of $285.74 million. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GWRE. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,174 shares of company stock worth $6,746,147. 0.48% of the stock is owned by insiders.

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.