Guidewire Software, Inc. (NYSE:GWRE) Stake Lowered by Algert Global LLC

Algert Global LLC lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,433 shares of the technology company's stock after selling 7,687 shares during the quarter. Algert Global LLC's holdings in Guidewire Software were worth $410,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Aristeia Capital L.L.C. purchased a new position in shares of Guidewire Software in the 4th quarter worth $6,372,000. Mercer Global Advisors Inc. ADV increased its holdings in Guidewire Software by 1,268.1% in the 4th 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Guidewire Software in the 4th quarter valued at $3,456,000. Freestone Grove Partners LP acquired a new stake in Guidewire Software in the 4th quarter valued at $10,332,000. Finally, Westerly Capital Management LLC acquired a new stake in Guidewire Software in the 4th quarter valued at $7,334,000.

Guidewire Software Stock Performance

GWRE stock traded up $1.38 during trading on Friday, reaching $216.55. 582,623 shares of the company's stock were exchanged, compared to its average volume of 925,646. 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 1-year low of $107.65 and a 1-year high of $219.59. The company's fifty day moving average price is $195.22 and its 200-day moving average price is $192.64. The firm has a market cap of $18.16 billion, a PE ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (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 business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Guidewire Software news, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the transaction, the director now directly owns 12,270 shares in the company, valued at approximately $2,270,318.10. The trade was a 13.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares in the company, valued at approximately $58,060,758.60. The trade was a 0.51% 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 valued at $6,207,005 over the last quarter. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

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

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.