Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Mariner LLC

Mariner LLC cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,780 shares of the technology company's stock after selling 7,096 shares during the quarter. Mariner LLC owned about 0.07% of Guidewire Software worth $10,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GWRE. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after purchasing an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after acquiring an additional 291,774 shares during the period. Geode Capital Management LLC grew its position in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after acquiring an additional 12,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after purchasing an additional 418,642 shares during the period.

Guidewire Software Stock Performance

Shares of GWRE stock traded down $0.87 on Friday, hitting $191.18. 482,782 shares of the stock traded hands, compared to its average volume of 909,304. The company's fifty day moving average is $192.54 and its 200 day moving average is $189.93. Guidewire Software, Inc. has a 1-year low of $107.52 and a 1-year high of $219.59. The company has a market capitalization of $16.04 billion, a PE ratio of 531.06, a PEG ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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 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 business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President John P. Mullen sold 700 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the transaction, the president now directly owns 177,746 shares in the company, valued at approximately $37,326,660. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares of the company's stock, valued at $50,182,296.30. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,471 shares of company stock worth $7,272,821 in the last three months. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Robert W. Baird raised 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. Finally, JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note 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 stock. According to MarketBeat.com, the company presently 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.