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

AlphaQuest LLC reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461 shares of the technology company's stock after selling 15,737 shares during the period. AlphaQuest LLC's holdings in Guidewire Software were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new position in Guidewire Software in the fourth quarter valued at $2,442,000. Amundi boosted its holdings in Guidewire Software by 32.1% in the fourth quarter. Amundi now owns 18,299 shares of the technology company's stock valued at $3,141,000 after purchasing an additional 4,445 shares during the period. Banco Santander S.A. purchased a new position in Guidewire Software in the fourth quarter valued at $427,000. Haven Private LLC purchased a new position in Guidewire Software in the fourth quarter valued at $398,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Guidewire Software in the fourth quarter valued at $205,000.

Insider Buying and Selling

In related news, President John P. Mullen sold 6,116 shares of the firm's 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 transaction, the president now owns 166,330 shares of the company's stock, valued at $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the transaction, the chief executive officer now directly owns 280,330 shares in the company, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,780 shares of company stock valued at $6,886,553 over the last quarter. 0.48% of the stock is currently owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

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

Guidewire Software Stock Performance

Shares of GWRE traded down $1.62 during midday trading on Friday, reaching $191.84. 1,448,052 shares of the stock were exchanged, compared to its average volume of 868,648. The business's 50-day moving average price is $197.47 and its 200 day moving average price is $187.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results 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 firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.