Great Lakes Advisors LLC Decreases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Great Lakes Advisors LLC reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,356 shares of the technology company's stock after selling 5,410 shares during the period. Great Lakes Advisors LLC owned about 0.18% of Guidewire Software worth $25,178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software during the 4th quarter worth $25,000. Assetmark Inc. lifted its position 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 purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the 3rd quarter worth $33,000. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software in the fourth quarter valued at $34,000. Finally, Brooklyn Investment Group purchased a new stake in Guidewire Software in the third quarter valued at $42,000.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the transaction, the chief executive officer now directly owns 269,130 shares in the company, valued at approximately $45,762,865.20. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the completion of the sale, the chief financial officer now directly owns 74,911 shares in the company, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,056 shares of company stock worth $8,094,892. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research reports. Oppenheimer boosted their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JMP Securities reissued a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. One research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.08.

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Guidewire Software Trading Up 3.7 %

Shares of Guidewire Software stock opened at $172.93 on Wednesday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company's 50-day simple moving average is $194.72 and its 200-day simple moving average is $185.42. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 480.37, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results 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 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. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.

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