William Blair Investment Management LLC decreased its position in shares of Guidewire Software Inc (NYSE:GWRE) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,149,426 shares of the company’s stock after selling 57,265 shares during the period. William Blair Investment Management LLC owned about 5.64% of Guidewire Software worth $204,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. boosted its position in Guidewire Software by 0.3% in the third quarter. Tocqueville Asset Management L.P. now owns 15,650 shares of the company’s stock worth $939,000 after buying an additional 50 shares during the period. Stifel Financial Corp boosted its position in Guidewire Software by 1.2% in the second quarter. Stifel Financial Corp now owns 5,044 shares of the company’s stock worth $312,000 after buying an additional 58 shares during the period. Pacer Advisors Inc. boosted its position in Guidewire Software by 9.0% in the third quarter. Pacer Advisors Inc. now owns 2,189 shares of the company’s stock worth $131,000 after buying an additional 180 shares during the period. Aperio Group LLC boosted its position in Guidewire Software by 4.6% in the third quarter. Aperio Group LLC now owns 4,330 shares of the company’s stock worth $260,000 after buying an additional 189 shares during the period. Finally, SG Americas Securities LLC boosted its position in Guidewire Software by 14.8% in the third quarter. SG Americas Securities LLC now owns 3,717 shares of the company’s stock worth $223,000 after buying an additional 478 shares during the period.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

Shares of Guidewire Software Inc (NYSE:GWRE) traded down 0.80% during mid-day trading on Thursday, reaching $55.73. 286,230 shares of the company’s stock were exchanged. The company’s 50 day moving average is $52.63 and its 200 day moving average is $57.00. Guidewire Software Inc has a 1-year low of $45.41 and a 1-year high of $64.00. The stock has a market capitalization of $4.10 billion and a PE ratio of 511.28.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. The business earned $94.10 million during the quarter. Guidewire Software’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. Equities research analysts anticipate that Guidewire Software Inc will post $0.72 EPS for the current fiscal year.

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A number of research firms recently weighed in on GWRE. Zacks Investment Research upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a research note on Wednesday, November 30th. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating in a research note on Friday, December 2nd. Finally, JMP Securities restated a “hold” rating on shares of Guidewire Software in a research note on Monday, November 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.14.

In related news, insider Scott Roza sold 3,715 shares of the stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $50.43, for a total transaction of $187,347.45. Following the sale, the insider now directly owns 4,239 shares of the company’s stock, valued at $213,772.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marcus Ryu sold 15,000 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $54.77, for a total transaction of $821,550.00. Following the sale, the chief executive officer now directly owns 15,000 shares in the company, valued at $821,550. The disclosure for this sale can be found here. Insiders sold 46,810 shares of company stock worth $2,485,371 in the last quarter.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

5 Day Chart for NYSE:GWRE

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