Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 534,615 shares of the technology company's stock after selling 105,143 shares during the quarter. JARISLOWSKY FRASER Ltd owned approximately 0.64% of Guidewire Software worth $88,400,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ossiam acquired a new position in Guidewire Software in the fourth quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software in the 4th quarter valued at $34,000. R Squared Ltd purchased a new position in shares of Guidewire Software in the 4th quarter valued at $47,000. Finally, Colonial Trust Co SC grew its position in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Guidewire Software Stock Up 0.1 %

Shares of Guidewire Software stock opened at $213.63 on Friday. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59. The company has a market cap of $17.92 billion, a P/E ratio of 593.42, a PEG ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a fifty day moving average of $191.70 and a two-hundred day moving average of $191.67.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note 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. The Goldman Sachs Group raised 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. Finally, JPMorgan Chase & Co. increased their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report 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 stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Insiders Place Their Bets

In other news, President John P. Mullen sold 2,300 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,771 shares of company stock worth $6,507,557. 0.48% of the stock is owned by corporate insiders.

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.

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