Occudo Quantitative Strategies LP Has $1.77 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Occudo Quantitative Strategies LP lessened its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 68.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GWRE. Atomi Financial Group Inc. lifted its position in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after acquiring an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Guidewire Software in the 4th quarter valued at $2,110,000. GDS Wealth Management raised its position in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Banco Santander S.A. acquired a new stake in Guidewire Software during the 4th quarter worth $427,000. Finally, MGO One Seven LLC purchased a new position in Guidewire Software during the 4th quarter worth $222,000.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total transaction of $291,704.00. Following the completion of the sale, the chief executive officer now directly owns 252,993 shares of the company's stock, valued at $52,713,621.48. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the sale, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock worth $6,207,005 over the last 90 days. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GWRE. JPMorgan Chase & Co. upped their target price on shares of 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 boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report 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, The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Up 0.6%

Shares of NYSE:GWRE traded up $1.38 on Friday, reaching $216.55. The company had a trading volume of 582,623 shares, compared to its average volume of 923,123. The stock has a market capitalization of $18.16 billion, a P/E ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The stock has a 50-day moving average price of $194.35 and a 200 day moving average price of $192.37.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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). The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.