Captrust Financial Advisors Reduces Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Captrust Financial Advisors trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,384 shares of the technology company’s stock after selling 1,870 shares during the quarter. Captrust Financial Advisors’ holdings in Guidewire Software were worth $1,919,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Caxton Associates LP purchased a new stake in shares of Guidewire Software during the fourth quarter worth approximately $520,000. Baird Financial Group Inc. increased its position in shares of Guidewire Software by 98.5% during the fourth quarter. Baird Financial Group Inc. now owns 7,504 shares of the technology company’s stock worth $1,265,000 after purchasing an additional 3,723 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock worth $61,944,000 after purchasing an additional 329,863 shares in the last quarter. Aristeia Capital L.L.C. purchased a new stake in shares of Guidewire Software during the fourth quarter worth approximately $6,372,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Guidewire Software by 1,268.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 49,621 shares of the technology company’s stock worth $8,365,000 after purchasing an additional 45,994 shares in the last quarter.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.54 on Tuesday. The business’s fifty day simple moving average is $192.02 and its 200-day simple moving average is $191.88. Guidewire Software, Inc. has a 52 week low of $107.65 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 cap of $17.91 billion, a PE ratio of 593.17, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total value of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares of the company’s stock, valued at $58,060,758.60. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the sale, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,371 shares of company stock valued at $6,207,005. Corporate insiders own 0.48% 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.