Bullseye Asset Management LLC Sells 430 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Bullseye Asset Management LLC cut its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,532 shares of the technology company’s stock after selling 430 shares during the period. Guidewire Software makes up 2.8% of Bullseye Asset Management LLC’s holdings, making the stock its 10th biggest holding. Bullseye Asset Management LLC’s holdings in Guidewire Software were worth $5,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in GWRE. Atomi Financial Group Inc. increased its holdings in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of Guidewire Software during the fourth quarter worth $2,110,000. GDS Wealth Management grew its stake in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Guidewire Software in the 4th quarter valued at $427,000. Finally, Amica Mutual Insurance Co. lifted its stake in Guidewire Software by 118.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company’s stock worth $1,191,000 after acquiring an additional 3,835 shares in the last quarter.

Insider Activity

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now directly owns 44,613 shares of the company’s stock, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,771 shares of company stock valued at $7,139,163. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Robert W. Baird upped 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Price Performance

GWRE stock opened at $200.08 on Friday. The business has a 50 day moving average price of $190.74 and a 200 day moving average price of $190.08. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 555.78, a PEG ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59.

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

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.