Captrust Financial Advisors Sells 1,870 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Captrust Financial Advisors reduced its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,384 shares of the technology company's stock after selling 1,870 shares during the quarter. Captrust Financial Advisors' holdings in Guidewire Software were worth $1,919,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Rathbones Group PLC bought a new stake in Guidewire Software during the 4th quarter valued at $58,118,000. Balyasny Asset Management L.P. increased its stake in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after purchasing an additional 329,863 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the completion of the sale, the chief executive officer now owns 273,330 shares of the company's stock, valued at $58,060,758.60. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, valued at $35,028,955.98. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock valued at $6,207,005 over the last three months. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $1.38 during trading on Friday, hitting $216.55. The stock had a trading volume of 582,623 shares, compared to its average volume of 921,215. 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, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18. The business's 50-day moving average is $194.35 and its 200 day moving average is $192.37.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results 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 business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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