Mariner LLC Sells 7,096 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Mariner LLC decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,780 shares of the technology company's stock after selling 7,096 shares during the quarter. Mariner LLC owned approximately 0.07% of Guidewire Software worth $10,246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the 4th quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 valued at $34,000 after purchasing an additional 99 shares during the period. R Squared Ltd bought a new position in shares of Guidewire Software in the 4th quarter valued at about $47,000. Finally, Tobam acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $52,000.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 700 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the sale, the president now owns 177,746 shares in the company, valued at $37,326,660. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $194.90, for a total transaction of $272,860.00. Following the transaction, the chief executive officer now owns 257,193 shares in the company, valued at $50,126,915.70. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,071 shares of company stock worth $7,020,947 in the last three months. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 4.4 %

GWRE stock traded up $8.43 during trading hours on Wednesday, reaching $198.18. 125,818 shares of the stock were exchanged, compared to its average volume of 905,855. The firm's 50-day moving average is $191.35 and its 200-day moving average is $189.93. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 550.50, a PEG ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GWRE shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note 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 report on Monday, February 10th. 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 note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased 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. One 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.