Guidewire Software, Inc. $GWRE Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,328 shares of the technology company’s stock after selling 47,622 shares during the period. William Blair Investment Management LLC owned 0.42% of Guidewire Software worth $72,028,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the first quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Guidewire Software in the third quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the third quarter worth $29,000. Cornerstone Planning Group LLC increased its position in Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after buying an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Guidewire Software in the third quarter worth $35,000.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 6,576 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total transaction of $1,077,543.36. Following the completion of the transaction, the president owned 135,407 shares of the company’s stock, valued at $22,187,791.02. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 4,737 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $776,204.82. Following the transaction, the chief executive officer directly owned 221,206 shares of the company’s stock, valued at $36,246,815.16. This represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,279 shares of company stock valued at $4,857,962 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GWRE has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $246.00 target price on shares of Guidewire Software in a research report on Tuesday, March 10th. Wells Fargo & Company lowered their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada lowered their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, BTIG Research raised their price target on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.46.

Guidewire Software Price Performance

Shares of GWRE opened at $140.38 on Monday. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 63.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software, Inc. has a one year low of $115.57 and a one year high of $272.60. The stock’s fifty day moving average is $141.81 and its 200-day moving average is $165.50.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. During the same period last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. Equities analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current year.

Guidewire Software Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.