Exchange Capital Management Inc. Sells 8,412 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Exchange Capital Management Inc. lessened its position in Guidewire Software, Inc. (NYSE:GWRE) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,444 shares of the technology company’s stock after selling 8,412 shares during the quarter. Guidewire Software makes up about 1.1% of Exchange Capital Management Inc.’s portfolio, making the stock its 23rd biggest position. Exchange Capital Management Inc. owned about 0.05% of Guidewire Software worth $7,155,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Guidewire Software by 1,432.1% during the fourth quarter. IFP Advisors Inc now owns 812 shares of the technology company’s stock worth $137,000 after purchasing an additional 759 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Guidewire Software in the 4th quarter worth approximately $3,618,000. Union Bancaire Privee UBP SA bought a new stake in Guidewire Software in the 4th quarter valued at about $2,979,000. Navellier & Associates Inc. boosted its stake in Guidewire Software by 38.3% during the 4th quarter. Navellier & Associates Inc. now owns 36,423 shares of the technology company’s stock valued at $6,140,000 after purchasing an additional 10,092 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $75,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GWRE shares. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

Guidewire Software Trading Down 0.9 %

NYSE GWRE opened at $201.80 on Tuesday. The company has a 50 day moving average price of $190.96 and a 200 day moving average price of $182.10. 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 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. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 approximately $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’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 $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,556 shares of company stock worth $6,820,145 over the last 90 days. 0.48% of the stock is currently owned by company 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.