Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Guidewire Software, Inc. (NYSE:GWRE) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,999 shares of the technology company’s stock after selling 5,134 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Guidewire Software were worth $20,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after buying an additional 58 shares in the last quarter. Norden Group LLC boosted its stake in Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after buying an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after buying an additional 75 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Guidewire Software by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,582 shares of the technology company’s stock worth $435,000 after acquiring an additional 131 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the completion of the transaction, the chief executive officer now directly owns 280,330 shares in the company, valued at approximately $48,996,077.40. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,158,431.56. Following the sale, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,180 shares of company stock worth $7,159,763. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Trading Up 0.5 %

Shares of NYSE GWRE opened at $198.46 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.65 billion, a PE ratio of 551.28, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The stock has a fifty day simple moving average of $198.58 and a 200-day simple moving average of $188.33.

Guidewire Software (NYSE:GWRE) last announced its earnings results 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 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GWRE shares. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. 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. Royal Bank of Canada increased their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target 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.