The Manufacturers Life Insurance Company Has $3.09 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

The Manufacturers Life Insurance Company lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,332 shares of the technology company's stock after selling 5,907 shares during the period. The Manufacturers Life Insurance Company's holdings in Guidewire Software were worth $3,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the fourth quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Guidewire Software by 101.0% during the fourth 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. R Squared Ltd bought a new position in Guidewire Software during the fourth quarter valued at about $47,000. Finally, Tobam acquired a new stake in shares of Guidewire Software in the fourth quarter worth about $52,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GWRE. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird raised their target price 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. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Guidewire Software Trading Up 0.1 %

Shares of GWRE stock opened at $213.63 on Friday. The firm has a fifty day moving average of $191.70 and a 200-day moving average of $191.64. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 593.42, a P/E/G ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

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 business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Monday, March 3rd. The stock was 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 approximately $35,028,955.98. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 1,051 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,771 shares of company stock worth $6,507,557 over the last three months. Company 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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