Oppenheimer Asset Management Inc. Sells 6,294 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Oppenheimer Asset Management Inc. trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,999 shares of the technology company’s stock after selling 6,294 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.09% of Guidewire Software worth $12,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd bought a new stake in Guidewire Software during the 4th quarter worth approximately $47,000.

Insider Buying and Selling

In other news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares in the company, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the sale, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,956 shares of company stock worth $7,105,255. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Guidewire Software Stock Down 1.0 %

NYSE:GWRE opened at $198.67 on Friday. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 551.86, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. 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, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The stock’s 50 day moving average price is $192.56 and its two-hundred day moving average price is $182.71.

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.