Virtu Financial LLC Lowers Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Virtu Financial LLC lowered its stake in Guidewire Software, Inc. (NYSE:GWRE) by 65.4% during the fourth quarter, HoldingsChannel reports. The firm owned 5,074 shares of the technology company’s stock after selling 9,576 shares during the quarter. Virtu Financial LLC’s holdings in Guidewire Software were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Guidewire Software during the third quarter worth about $219,000. Cerity Partners LLC increased its position in Guidewire Software by 326.8% during the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period. Algert Global LLC raised its stake in shares of Guidewire Software by 26.9% during the 3rd quarter. Algert Global LLC now owns 10,120 shares of the technology company’s stock worth $1,851,000 after buying an additional 2,148 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $450,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $573,000.

Insider Activity

In related news, President John P. Mullen sold 2,300 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the transaction, the president now directly owns 178,446 shares in the company, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,780 shares of company stock valued at $6,886,553 over the last 90 days. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

GWRE stock opened at $197.55 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock’s 50 day moving average price is $198.04 and its 200 day moving average price is $188.07. The firm has a market cap of $16.57 billion, a P/E ratio of 548.75, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 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 analyst estimates of $285.74 million. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWRE shares. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird raised 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. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Oppenheimer lifted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, 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.