Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,537 shares of the technology company's stock after selling 104,821 shares during the quarter. Brown Advisory Inc. owned approximately 0.53% of Guidewire Software worth $74,434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Baird Financial Group Inc. increased its position in Guidewire Software by 98.5% during the 4th quarter. Baird Financial Group Inc. now owns 7,504 shares of the technology company's stock worth $1,265,000 after purchasing an additional 3,723 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after acquiring an additional 329,863 shares during the period. Aristeia Capital L.L.C. acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $6,372,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Guidewire Software by 1,268.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 49,621 shares of the technology company's stock valued at $8,365,000 after purchasing an additional 45,994 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Guidewire Software during the fourth quarter worth $3,456,000.

Insider Activity

In other news, President John P. Mullen sold 6,116 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the completion of the sale, the president now directly owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00. Following the completion of the transaction, the chief executive officer now owns 273,330 shares of the company's stock, valued at $58,060,758.60. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,771 shares of company stock valued at $6,507,557. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

NYSE GWRE traded up $0.21 during trading hours on Friday, reaching $213.63. The company's stock had a trading volume of 483,907 shares, compared to its average volume of 915,044. The stock has a market cap of $17.92 billion, a PE ratio of 593.42, a PEG ratio of 37.21 and a beta of 1.18. The business has a 50-day simple moving average of $191.33 and a 200 day simple moving average of $191.46. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Robert W. Baird upped their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Company 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.