Picton Mahoney Asset Management Reduces Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Picton Mahoney Asset Management decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,712 shares of the technology company’s stock after selling 887 shares during the period. Picton Mahoney Asset Management’s holdings in Guidewire Software were worth $5,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of GWRE. Massachusetts Financial Services Co. MA lifted its position in shares of Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after acquiring an additional 53,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Guidewire Software by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock worth $88,098,000 after acquiring an additional 4,386 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GWRE. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus upped their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Up 5.6 %

Shares of NYSE:GWRE opened at $185.85 on Friday. The stock’s 50-day moving average price is $195.28 and its 200-day moving average price is $185.83. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The stock has a market capitalization of $15.52 billion, a P/E ratio of 516.26, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. 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 (NYSE:GWRE) last announced its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $285.74 million. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, Director Michael C. Keller sold 1,939 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $338,898.42. Following the completion of the sale, the director now directly owns 14,118 shares in the company, valued at approximately $2,467,544.04. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,056 shares of company stock valued at $8,094,892. 0.48% of the stock is currently owned by insiders.

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.