Brown Brothers Harriman & Co. Sells 46,879 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Brown Brothers Harriman & Co. lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 803,213 shares of the technology company's stock after selling 46,879 shares during the period. Guidewire Software accounts for 0.9% of Brown Brothers Harriman & Co.'s portfolio, making the stock its 27th largest position. Brown Brothers Harriman & Co. owned 0.96% of Guidewire Software worth $135,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GWRE. Smartleaf Asset Management LLC grew its stake in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after purchasing an additional 56 shares during the period. Hanseatic Management Services Inc. boosted its holdings in Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock worth $91,000 after buying an additional 58 shares during the last quarter. Norden Group LLC grew its position in shares of Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after buying an additional 61 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in shares of Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after acquiring an additional 75 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares during the period.

Guidewire Software Stock Up 2.2 %

NYSE:GWRE traded up $4.17 during trading hours on Wednesday, reaching $194.73. 207,455 shares of the stock were exchanged, compared to its average volume of 887,500. The stock has a market cap of $16.33 billion, a PE ratio of 540.92, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The firm has a 50 day moving average of $199.71 and a 200 day moving average of $189.07. 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 (NYSE:GWRE - Get Free Report) last announced its 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). The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GWRE. Oppenheimer boosted their price objective 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. DA Davidson reissued a "buy" rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price 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 stock an "overweight" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $184.41, for a total transaction of $258,174.00. Following the sale, the chief executive officer now directly owns 259,993 shares of the company's stock, valued at approximately $47,945,309.13. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael C. Keller sold 1,939 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $338,898.42. Following the completion of the transaction, the director now directly owns 14,118 shares of the company's stock, valued at approximately $2,467,544.04. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,580 shares of company stock valued at $7,417,937. 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.