Alliancebernstein L.P. decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 20.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,095 shares of the technology company's stock after selling 21,001 shares during the quarter. Alliancebernstein L.P. owned approximately 0.10% of Guidewire Software worth $13,840,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the 4th quarter worth $34,000. R Squared Ltd bought a new position in Guidewire Software during the 4th quarter worth approximately $47,000. Finally, Tobam bought a new stake in Guidewire Software during the fourth quarter valued at $52,000.
Insider Transactions at Guidewire Software
In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the sale, the chief executive officer now directly owns 258,593 shares in the company, valued at approximately $43,397,077.26. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $1,158,431.56. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 42,280 shares of company stock worth $8,085,170 over the last 90 days. 0.48% of the stock is owned by insiders.
Guidewire Software Stock Performance
GWRE stock traded up $2.60 during midday trading on Monday, hitting $193.32. The stock had a trading volume of 37,352 shares, compared to its average volume of 901,353. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $194.96 and a 200 day simple moving average of $189.54. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 537.00, a P/E/G ratio of 37.21 and a beta of 1.19.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued 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). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on GWRE shares. Robert W. Baird lifted 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. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group upped their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.08.
Get Our Latest Research Report on Guidewire Software
Guidewire Software Profile
(
Free Report)
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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