Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 68.4% during the 4th quarter, Holdings Channel reports. The fund owned 10,473 shares of the technology company’s stock after selling 22,680 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Guidewire Software were worth $1,766,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GWRE. CHICAGO TRUST Co NA raised its stake in shares of Guidewire Software by 14.2% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,655 shares of the technology company’s stock valued at $616,000 after acquiring an additional 455 shares in the last quarter. Cooper Financial Group acquired a new stake in Guidewire Software in the fourth quarter valued at $203,000. Assenagon Asset Management S.A. raised its stake in Guidewire Software by 42.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock valued at $35,996,000 after buying an additional 63,199 shares in the last quarter. Park Avenue Securities LLC raised its stake in Guidewire Software by 5.2% in the fourth quarter. Park Avenue Securities LLC now owns 5,359 shares of the technology company’s stock valued at $903,000 after buying an additional 267 shares in the last quarter. Finally, Burney Co. acquired a new stake in Guidewire Software in the fourth quarter valued at $209,000.

Analysts Set New Price Targets

A number of research firms have weighed in on GWRE. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Robert W. Baird raised their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Needham & Company LLC restated 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 company an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Down 0.0%

GWRE opened at $213.54 on Tuesday. The business’s 50-day simple moving average is $192.02 and its 200-day simple moving average is $191.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59. The stock has a market capitalization of $17.91 billion, a P/E ratio of 593.17, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its quarterly 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). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total value of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares in the company, valued at $58,060,758.60. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the transaction, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock worth $6,207,005 in the last quarter. Company insiders own 0.48% of the company’s stock.

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.