Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 24.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,427 shares of the technology company’s stock after selling 9,900 shares during the quarter. Readystate Asset Management LP’s holdings in Guidewire Software were worth $3,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Guidewire Software during the third quarter valued at approximately $25,000. RiverPark Advisors LLC acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $27,000. CENTRAL TRUST Co acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Castleview Partners LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $40,000. Finally, 1832 Asset Management L.P. raised its position in shares of Guidewire Software by 28.1% during the 4th quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock worth $44,000 after purchasing an additional 155 shares during the period.

Guidewire Software Price Performance

NYSE GWRE traded down $1.03 on Wednesday, reaching $108.28. 345,727 shares of the stock traded hands, compared to its average volume of 638,461. The firm’s fifty day simple moving average is $115.74 and its 200 day simple moving average is $105.73. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -174.64 and a beta of 1.15. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $122.35.

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

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the sale, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, April 15th. The stock was 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 in the company, valued at $16,485,033.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The disclosure for this sale can be found here. Insiders sold a total of 9,435 shares of company stock valued at $1,053,821 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Wells Fargo & Company raised Guidewire Software from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 20th. DA Davidson reissued a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Oppenheimer increased their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Raymond James started coverage on Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $115.11.

Guidewire Software Company 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.