Segall Bryant & Hamill LLC Reduces Position in Guidewire Software, Inc. (NYSE:GWRE)

Segall Bryant & Hamill LLC decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,999 shares of the technology company’s stock after selling 5,134 shares during the period. Segall Bryant & Hamill LLC owned about 0.14% of Guidewire Software worth $20,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the 3rd quarter worth $33,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the 4th quarter valued at $34,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the 3rd quarter worth $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter valued at $47,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWRE shares. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. JMP Securities reissued a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Guidewire Software Stock Up 0.5 %

NYSE:GWRE opened at $198.46 on Wednesday. The firm has a market capitalization of $16.65 billion, a P/E ratio of 551.28, a PEG ratio of 37.21 and a beta of 1.31. The company’s fifty day moving average price is $198.58 and its 200-day moving average price is $188.33. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the sale, the insider now directly owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $244,692.00. Following the completion of the transaction, the chief executive officer now directly owns 280,330 shares of the company’s stock, valued at $48,996,077.40. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,180 shares of company stock worth $7,159,763. 0.48% of the stock is owned by corporate insiders.

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.