Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,890 shares of the technology company’s stock after selling 2,600 shares during the quarter. Lyell Wealth Management LP’s holdings in Guidewire Software were worth $6,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its position in shares of Guidewire Software by 253.3% during the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock valued at $1,126,000 after acquiring an additional 8,970 shares during the period. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after acquiring an additional 38,954 shares during the period. AQR Capital Management LLC lifted its position in shares of Guidewire Software by 32.9% during the 3rd quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock valued at $4,778,000 after acquiring an additional 13,136 shares during the period. Hsbc Holdings PLC lifted its position in shares of Guidewire Software by 1,318.8% during the 3rd quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock valued at $3,880,000 after acquiring an additional 39,669 shares during the period. Finally, Yarbrough Capital LLC lifted its position in shares of Guidewire Software by 56.3% during the 4th quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company’s stock valued at $820,000 after acquiring an additional 2,709 shares during the period.

Guidewire Software Trading Down 0.3 %

GWRE stock traded down $0.28 during midday trading on Wednesday, hitting $113.50. The stock had a trading volume of 377,289 shares, compared to its average volume of 623,791. The firm has a market cap of $9.34 billion, a PE ratio of -183.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The company’s 50-day moving average price is $115.16 and its 200 day moving average price is $106.41.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. On average, equities research analysts predict that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GWRE shares. Raymond James started coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target for the company. Robert W. Baird raised their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer raised their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. In the last three months, insiders sold 9,435 shares of company stock valued at $1,053,821. Company insiders own 0.38% of the company’s stock.

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.