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

Virtu Financial LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 65.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,074 shares of the technology company’s stock after selling 9,576 shares during the quarter. Virtu Financial LLC’s holdings in Guidewire Software were worth $855,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after purchasing an additional 53,967 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Guidewire Software by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock worth $88,098,000 after buying an additional 4,386 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its holdings in Guidewire Software by 1.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company’s stock worth $40,255,000 after buying an additional 3,715 shares in the last quarter.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the sale, the president now directly owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the transaction, the chief financial officer now directly owns 73,494 shares in the company, valued at $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,780 shares of company stock worth $6,886,553 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Shares of GWRE opened at $197.55 on Tuesday. 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 52-week low of $107.00 and a 52-week high of $219.59. The stock has a 50 day moving average price of $198.04 and a 200 day moving average price of $188.07. The company has a market capitalization of $16.57 billion, a price-to-earnings ratio of 548.75, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on GWRE shares. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.