Frontier Capital Management Co. LLC Lowers Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Frontier Capital Management Co. LLC trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 428,711 shares of the technology company’s stock after selling 77,284 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Guidewire Software were worth $72,272,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Colonial Trust Co SC increased its holdings in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock valued at $48,000 after acquiring an additional 183 shares during the period. Corton Capital Inc. purchased a new position in Guidewire Software in the fourth quarter valued at about $410,000. Cetera Investment Advisers raised its holdings in Guidewire Software by 22.3% in the fourth quarter. Cetera Investment Advisers now owns 21,292 shares of the technology company’s stock worth $3,589,000 after purchasing an additional 3,883 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at about $1,222,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $938,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the transaction, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the sale, the chief executive officer now directly owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,771 shares of company stock valued at $6,507,557. 0.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GWRE shares. The Goldman Sachs Group increased their target price 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. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Guidewire Software Trading Up 1.1 %

Shares of Guidewire Software stock opened at $213.41 on Thursday. Guidewire Software, Inc. has a 1 year low of $107.65 and a 1 year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market cap of $17.90 billion, a PE ratio of 592.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The firm has a fifty day moving average price of $190.98 and a 200 day moving average price of $191.29.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data 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. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

About Guidewire Software

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.