Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 80.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,718 shares of the technology company’s stock after selling 63,382 shares during the period. Victory Capital Management Inc.’s holdings in Guidewire Software were worth $2,650,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Guidewire Software in the fourth quarter valued at $25,000. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in Guidewire Software in the third quarter valued at $42,000. Finally, R Squared Ltd acquired a new stake in shares of Guidewire Software during the fourth quarter worth $47,000.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction 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. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the transaction, the chief executive officer now owns 269,130 shares of the company’s stock, valued at approximately $45,762,865.20. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,056 shares of company stock worth $8,094,892 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 5.6 %

GWRE stock opened at $185.85 on Monday. 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 fifty-two week low of $107.00 and a fifty-two week high of $219.59. The firm’s 50-day simple moving average is $195.28 and its 200 day simple moving average is $186.10. The stock has a market cap of $15.52 billion, a PE ratio of 516.26, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) 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 company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GWRE. Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. One investment 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Company 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.