Motley Fool Wealth Management LLC Has $9.47 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Wealth Management LLC trimmed its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,015 shares of the technology company’s stock after selling 1,849 shares during the period. Motley Fool Wealth Management LLC owned about 0.07% of Guidewire Software worth $9,473,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after buying an additional 90,618 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC lifted its holdings in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in 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. increased its holdings 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 valued at $88,098,000 after acquiring an additional 4,386 shares in the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $195.15, for a total value of $273,210.00. Following the sale, the chief executive officer now owns 261,393 shares of the company’s stock, valued at $51,010,843.95. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael C. Keller sold 1,939 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $338,898.42. Following the sale, the director now owns 14,118 shares in the company, valued at $2,467,544.04. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,180 shares of company stock worth $7,159,763 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer upped their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Performance

NYSE GWRE opened at $198.46 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a market capitalization of $16.65 billion, a P/E ratio of 551.28, a PEG ratio of 37.21 and a beta of 1.31. The business has a 50 day moving average price of $198.58 and a 200 day moving average price of $188.33.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software 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.