Voya Investment Management LLC Decreases Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Voya Investment Management LLC reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 99.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,598 shares of the technology company's stock after selling 24,295,742 shares during the period. Voya Investment Management LLC's holdings in Guidewire Software were worth $4,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after acquiring an additional 56 shares during the period. Hanseatic Management Services Inc. lifted its position in shares of Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock worth $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC boosted its stake in shares of Guidewire Software by 5.2% in the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after purchasing an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after buying an additional 75 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded down $0.04 during midday trading on Tuesday, reaching $210.35. The company had a trading volume of 71,967 shares, compared to its average volume of 911,466. The stock has a market cap of $17.64 billion, a P/E ratio of 582.93, a P/E/G ratio of 37.21 and a beta of 1.19. The company's 50 day moving average price is $190.49 and its 200 day moving average price is $190.99. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the subject of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Robert W. Baird lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.08.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $198.22, for a total value of $277,508.00. Following the completion of the transaction, the chief executive officer now directly owns 254,393 shares of the company's stock, valued at $50,425,780.46. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now directly owns 164,030 shares in the company, valued at $30,829,438.50. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,215,853 over the last ninety days. 0.48% of the stock is currently owned by insiders.

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.