Candriam S.C.A. Has $2.48 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Candriam S.C.A. lessened its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 82.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,708 shares of the technology company's stock after selling 70,379 shares during the quarter. Candriam S.C.A.'s holdings in Guidewire Software were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter worth about $25,000. Assetmark Inc. raised its holdings in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the 3rd quarter worth approximately $33,000. Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software during the 4th quarter worth approximately $34,000. Finally, Brooklyn Investment Group acquired a new stake in Guidewire Software in the 3rd quarter valued at $42,000.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GWRE. The Goldman Sachs Group increased 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. Wells Fargo & Company increased their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Oppenheimer raised their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $206.08.

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Guidewire Software Trading Down 0.3 %

Shares of GWRE traded down $0.46 during trading hours on Thursday, hitting $175.93. 1,256,148 shares of the stock traded hands, compared to its average volume of 1,322,559. The business has a fifty day moving average of $194.88 and a 200-day moving average of $185.36. 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 firm has a market capitalization of $14.69 billion, a PE ratio of 488.69, a price-to-earnings-growth 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 issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million during 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%. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company's stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,056 shares of company stock worth $8,094,892. 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.