Oakcliff Capital Partners LP Reduces Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Oakcliff Capital Partners LP decreased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,683 shares of the technology company's stock after selling 58,752 shares during the quarter. Guidewire Software comprises about 5.7% of Oakcliff Capital Partners LP's investment portfolio, making the stock its 8th biggest holding. Oakcliff Capital Partners LP owned about 0.08% of Guidewire Software worth $11,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GWRE. Ossiam purchased a new position in shares of Guidewire Software during the 4th quarter valued at about $29,000. 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 buying an additional 99 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the fourth quarter valued at about $34,000. R Squared Ltd purchased a new position in shares of Guidewire Software in the fourth quarter valued at about $47,000. Finally, Colonial Trust Co SC raised its stake in Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares during the period.

Guidewire Software Trading Down 0.0%

NYSE GWRE opened at $213.54 on Tuesday. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The company has a fifty day simple moving average of $192.02 and a two-hundred day simple moving average of $191.88. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.91 billion, a P/E ratio of 593.17, a P/E/G ratio of 37.21 and a beta of 1.18.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $208.36, for a total value of $291,704.00. Following the completion of the sale, the chief executive officer now owns 252,993 shares of the company's stock, valued at approximately $52,713,621.48. The trade was a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 1,051 shares of Guidewire Software stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,371 shares of company stock valued at $6,207,005. Corporate insiders own 0.48% of the company's stock.

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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