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

Signaturefd LLC lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,531 shares of the technology company’s stock after selling 520 shares during the quarter. Signaturefd LLC’s holdings in Guidewire Software were worth $932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% during the 3rd 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 Guidewire Software in the third quarter worth approximately $219,000. Oppenheimer & Co. Inc. purchased a new position in Guidewire Software in the third quarter worth approximately $415,000. KBC Group NV increased its stake in Guidewire Software by 15.3% during the third quarter. KBC Group NV now owns 2,087 shares of the technology company’s stock worth $382,000 after acquiring an additional 277 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Royal Bank of Canada upped their price objective 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. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Trading Up 2.7 %

NYSE:GWRE opened at $196.55 on Thursday. The stock has a fifty day moving average price of $196.62 and a 200 day moving average price of $186.78. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market cap of $16.49 billion, a PE ratio of 545.96, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now directly owns 166,330 shares of the company’s stock, valued at $31,504,565.30. The trade was a 3.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares in the company, valued at approximately $45,762,865.20. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,174 shares of company stock worth $6,746,147 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

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.