Invesco Ltd. Has $141.22 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Invesco Ltd. decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 837,680 shares of the technology company's stock after selling 1,204,757 shares during the period. Invesco Ltd. owned 1.00% of Guidewire Software worth $141,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Bank of Montreal Can increased its position in Guidewire Software by 183.7% in the 4th quarter. Bank of Montreal Can now owns 129,648 shares of the technology company's stock valued at $21,856,000 after acquiring an additional 83,945 shares during the period. Cerity Partners LLC lifted its stake in shares of Guidewire Software by 3.2% in the 4th quarter. Cerity Partners LLC now owns 22,506 shares of the technology company's stock worth $3,836,000 after acquiring an additional 707 shares during the period. Federated Hermes Inc. increased its stake in shares of Guidewire Software by 97.1% during the fourth quarter. Federated Hermes Inc. now owns 395,387 shares of the technology company's stock worth $66,654,000 after acquiring an additional 194,832 shares during the period. Russell Investments Group Ltd. raised its holdings in Guidewire Software by 13.5% during the fourth quarter. Russell Investments Group Ltd. now owns 194,751 shares of the technology company's stock worth $32,832,000 after purchasing an additional 23,166 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Guidewire Software by 11.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 209,585 shares of the technology company's stock valued at $35,332,000 after purchasing an additional 21,804 shares during the period.

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Guidewire Software Price Performance

Shares of NYSE:GWRE traded down $0.87 during trading on Thursday, reaching $191.18. The company had a trading volume of 482,718 shares, compared to its average volume of 902,487. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $16.04 billion, a PE ratio of 531.06, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The firm's fifty day moving average is $193.54 and its 200 day moving average is $189.69.

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

Insider Activity

In other news, President John P. Mullen sold 6,116 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the transaction, the chief executive officer now owns 278,930 shares in the company, valued at $50,182,296.30. The trade was a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,471 shares of company stock worth $7,272,821. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One equities research 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, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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.