Edmond DE Rothschild Holding S.A. Lowers Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Edmond DE Rothschild Holding S.A. lessened its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,410 shares of the technology company's stock after selling 162,649 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.20% of Guidewire Software worth $27,716,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of Guidewire Software by 48.7% in the third quarter. Bank of Montreal Can now owns 45,703 shares of the technology company's stock worth $8,134,000 after buying an additional 14,970 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Guidewire Software by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company's stock valued at $4,434,000 after purchasing an additional 579 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of Guidewire Software by 50.0% in the third quarter. Northwest & Ethical Investments L.P. now owns 600 shares of the technology company's stock worth $110,000 after purchasing an additional 200 shares during the period. Captrust Financial Advisors boosted its stake in Guidewire Software by 1.2% during the third quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company's stock valued at $2,425,000 after buying an additional 153 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Guidewire Software by 161.8% during the 3rd quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company's stock valued at $3,907,000 after acquiring an additional 13,200 shares during the last quarter.

Guidewire Software Stock Performance

Guidewire Software stock traded down $9.26 during midday trading on Friday, reaching $174.91. 328,687 shares of the company traded hands, compared to its average volume of 888,572. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 484.95, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. 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 business has a 50 day moving average of $199.46 and a two-hundred day moving average of $189.06. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. 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 research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Insiders Place Their Bets

In related news, President John P. Mullen sold 6,116 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now directly owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00. Following the completion of the sale, the chief executive officer now directly owns 259,993 shares in the company, valued at $47,945,309.13. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,880 shares of company stock valued at $7,850,222 in the last quarter. 0.48% of the stock is currently owned by insiders.

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.