Guidewire Software, Inc. $GWRE Holdings Trimmed by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its stake in Guidewire Software, Inc. (NYSE:GWRE) by 11.7% in the fourth quarter, HoldingsChannel reports. The firm owned 358,328 shares of the technology company’s stock after selling 47,622 shares during the period. William Blair Investment Management LLC’s holdings in Guidewire Software were worth $72,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. IFP Advisors Inc boosted its position in shares of Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Guidewire Software by 9.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares during the period. American Trust boosted its position in shares of Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after purchasing an additional 61 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Guidewire Software by 1.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,739 shares of the technology company’s stock valued at $859,000 after purchasing an additional 62 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Guidewire Software by 7.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 963 shares of the technology company’s stock valued at $221,000 after purchasing an additional 67 shares during the period.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $128.19, for a total transaction of $153,828.00. Following the completion of the sale, the chief executive officer directly owned 210,406 shares in the company, valued at approximately $26,971,945.14. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO David Franklin Peterson sold 273 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $44,733.78. Following the sale, the chief accounting officer owned 12,533 shares of the company’s stock, valued at $2,053,657.38. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 31,279 shares of company stock worth $4,857,962. 0.46% of the stock is currently owned by company insiders.

Guidewire Software Trading Up 0.1%

Shares of NYSE GWRE opened at $140.38 on Monday. Guidewire Software, Inc. has a one year low of $115.57 and a one year high of $272.60. The firm has a market capitalization of $11.88 billion, a PE ratio of 63.81 and a beta of 0.91. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $141.81 and a two-hundred day moving average price of $165.50.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. DA Davidson reiterated a “buy” rating and issued a $246.00 price target on shares of Guidewire Software in a research report on Tuesday, March 10th. Stifel Nicolaus decreased their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Wells Fargo & Company decreased their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada decreased their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.46.

Guidewire Software Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.