Aviso Financial Inc. Trims Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Aviso Financial Inc. lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,960 shares of the technology company's stock after selling 1,485 shares during the quarter. Aviso Financial Inc.'s holdings in Guidewire Software were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its position in Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Guidewire Software in the fourth quarter valued at about $2,110,000. Icon Wealth Advisors LLC raised its stake in Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock valued at $1,095,000 after buying an additional 2,512 shares during the last quarter. GDS Wealth Management raised its stake in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after buying an additional 16,142 shares during the last quarter. Finally, Whale Rock Capital Management LLC raised its stake in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter.

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Guidewire Software Stock Performance

GWRE stock traded up $5.20 during trading on Wednesday, hitting $196.55. 947,904 shares of the company traded hands, compared to its average volume of 861,702. The stock's 50-day simple moving average is $196.12 and its 200 day simple moving average is $186.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $16.49 billion, a PE ratio of 545.96, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced 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). The company had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on GWRE. JMP Securities reiterated 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 increased 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. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada raised their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $170.04, for a total value of $238,056.00. Following the sale, the chief executive officer now directly owns 269,130 shares of the company's stock, valued at $45,762,865.20. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the sale, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,986 shares of company stock valued at $6,872,041. Company insiders own 0.48% of the company's stock.

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.