Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,095 shares of the technology company’s stock after selling 21,001 shares during the quarter. Alliancebernstein L.P. owned approximately 0.10% of Guidewire Software worth $13,840,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its holdings in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after acquiring an additional 488 shares in the last quarter. Donoghue Forlines LLC acquired a new position in Guidewire Software in the fourth quarter worth about $2,110,000. GDS Wealth Management increased its holdings in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares during the last quarter. Banco Santander S.A. acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $427,000. Finally, Truist Financial Corp lifted its holdings in Guidewire Software by 21.8% during the 4th quarter. Truist Financial Corp now owns 9,645 shares of the technology company’s stock worth $1,626,000 after buying an additional 1,724 shares during the last quarter.

Analysts Set New Price Targets

GWRE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird raised their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.08.

Insiders Place Their Bets

In other news, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the sale, the chief executive officer now directly owns 258,593 shares in the company, valued at approximately $43,397,077.26. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,280 shares of company stock worth $8,085,170. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 1.7 %

Guidewire Software stock opened at $172.43 on Wednesday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 478.96, a PEG ratio of 37.21 and a beta of 1.19. The firm has a 50-day moving average price of $196.89 and a two-hundred day moving average price of $189.17.

Guidewire Software (NYSE:GWRE) last released its quarterly 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 business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

About Guidewire Software

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.