Lyell Wealth Management LP Trims Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Lyell Wealth Management LP trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 22.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,190 shares of the technology company’s stock after selling 10,000 shares during the period. Lyell Wealth Management LP’s holdings in Guidewire Software were worth $5,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. lifted its holdings in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the 3rd quarter worth about $33,000. Brooklyn Investment Group purchased a new position in shares of Guidewire Software during the 3rd quarter worth about $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the 4th quarter worth about $47,000.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 270 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,156 shares of company stock valued at $6,522,757 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Up 1.4 %

Shares of NYSE:GWRE opened at $215.22 on Wednesday. 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 52-week low of $107.00 and a 52-week high of $219.59. The company has a 50 day moving average of $188.16 and a two-hundred day moving average of $180.26. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 597.82, a price-to-earnings-growth ratio of 37.63 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price objective 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, Royal Bank of Canada increased their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

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.