Guidewire Software, Inc. (NYSE:GWRE) Holdings Cut by Linscomb Wealth Inc.

Linscomb Wealth Inc. reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,500 shares of the technology company’s stock after selling 217 shares during the period. Linscomb Wealth Inc.’s holdings in Guidewire Software were worth $590,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Atomi Financial Group Inc. grew its stake in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of Guidewire Software during the fourth quarter valued at $2,110,000. Icon Wealth Advisors LLC grew its position in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares during the last quarter. GDS Wealth Management increased its holdings in shares of Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares during the period. Finally, Whale Rock Capital Management LLC increased its holdings in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares during the period.

Guidewire Software Trading Up 1.2 %

Shares of GWRE stock opened at $201.16 on Friday. 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 50-day simple moving average of $192.56 and a 200 day simple moving average of $182.71. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock has a market capitalization of $16.80 billion, a P/E ratio of 558.78, a P/E/G ratio of 37.21 and a beta of 1.25.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,956 shares of company stock valued at $7,105,255 in the last quarter. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird boosted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. 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 company. According to MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

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.