Virtu Financial LLC Has $855,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Virtu Financial LLC reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 65.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,074 shares of the technology company's stock after selling 9,576 shares during the period. Virtu Financial LLC's holdings in Guidewire Software were worth $855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after acquiring an additional 56 shares during the period. Hanseatic Management Services Inc. grew its position in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC grew its holdings in Guidewire Software by 5.2% in the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after buying an additional 61 shares during the period. Argonautica Private Wealth Management Inc. increased its position in Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after purchasing an additional 75 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Guidewire Software by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,582 shares of the technology company's stock worth $435,000 after buying an additional 131 shares during the last quarter.

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Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the sale, the chief financial officer now directly owns 73,494 shares in the company, valued at $12,845,281.32. The trade was a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now directly owns 269,130 shares of the company's stock, valued at $45,762,865.20. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock worth $7,159,763 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded down $3.99 on Friday, hitting $187.54. The company's stock had a trading volume of 667,149 shares, compared to its average volume of 889,587. The stock's 50-day moving average is $199.36 and its two-hundred day moving average is $188.52. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 520.95, 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 quick ratio of 2.66 and a current ratio of 2.66. 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 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 net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on GWRE shares. Royal Bank of Canada raised their price target 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. DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price target 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. JMP Securities reissued a "market outperform" rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $206.08.

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.