Stephens Inc. AR lowered its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 69.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,518 shares of the technology company's stock after selling 5,847 shares during the quarter. Stephens Inc. AR's holdings in Guidewire Software were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $25,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Guidewire Software during the third quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter worth about $42,000. Finally, R Squared Ltd acquired a new stake in Guidewire Software during the 4th quarter worth about $47,000.
Insider Activity at Guidewire Software
In other Guidewire Software news, President John P. Mullen sold 7,165 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares of the company's stock, valued at $31,149,341.76. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm'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 directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,156 shares of company stock valued at $6,522,757. Corporate insiders own 0.48% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GWRE. DA Davidson reiterated a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $204.50.
Read Our Latest Report on GWRE
Guidewire Software Stock Down 1.0 %
Shares of NYSE:GWRE traded down $2.09 on Wednesday, reaching $213.29. The company had a trading volume of 729,601 shares, compared to its average volume of 1,372,981. The stock has a market capitalization of $17.81 billion, a P/E ratio of 592.48, a P/E/G ratio of 37.63 and a beta of 1.25. The stock has a 50-day moving average price of $188.16 and a 200 day moving average price of $180.26. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.
Guidewire Software Company Profile
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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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