Silvercrest Asset Management Group LLC Trims Stake in Guidewire Software, Inc. (NYSE:GWRE)

Silvercrest Asset Management Group LLC lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,662 shares of the technology company's stock after selling 1,490 shares during the period. Silvercrest Asset Management Group LLC's holdings in Guidewire Software were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GWRE. Ossiam purchased a new position in shares of Guidewire Software during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the 4th quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after purchasing an additional 99 shares during the period. R Squared Ltd purchased a new position in Guidewire Software in the 4th quarter worth approximately $47,000. Finally, Colonial Trust Co SC increased its stake in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after purchasing an additional 183 shares during the period.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the transaction, the president now owns 164,030 shares of the company's stock, valued at $30,829,438.50. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,371 shares of company stock worth $6,210,967. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Up 0.8%

Shares of NYSE GWRE traded up $1.75 during mid-day trading on Friday, hitting $209.75. 988,750 shares of the stock traded hands, compared to its average volume of 929,974. 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 52 week low of $107.65 and a 52 week high of $219.59. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 582.63, a PEG ratio of 37.21 and a beta of 1.18. The stock has a fifty day moving average price of $197.97 and a 200-day moving average price of $193.43.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

GWRE has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock 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, March 7th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, DA Davidson lowered Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective on the stock. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.42.

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.