Stephens Inc. AR Sells 5,847 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Stephens Inc. AR trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE) by 69.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,518 shares of the technology company’s stock after selling 5,847 shares during the period. Stephens Inc. AR’s holdings in Guidewire Software were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning increased its stake in Guidewire Software by 16.0% in the 3rd quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after buying an additional 2,120 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Guidewire Software by 12.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,989 shares of the technology company’s stock worth $547,000 after buying an additional 330 shares in the last quarter. Whittier Trust Co. increased its stake in Guidewire Software by 4.6% in the 3rd quarter. Whittier Trust Co. now owns 57,256 shares of the technology company’s stock worth $10,474,000 after buying an additional 2,534 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Guidewire Software by 3.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 28,484 shares of the technology company’s stock worth $5,211,000 after buying an additional 884 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Guidewire Software by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after buying an additional 139 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Robert W. Baird raised their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 270 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock valued at $6,789,679 over the last 90 days. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 2.0 %

Shares of NYSE:GWRE opened at $212.28 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a 50-day moving average price of $186.52 and a 200 day moving average price of $179.11. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 589.67, a PEG ratio of 56.59 and a beta of 1.25.

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.