Readystate Asset Management LP Sells 9,900 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Readystate Asset Management LP lessened its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC boosted its holdings in Guidewire Software by 253.3% in the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 8,970 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock worth $724,092,000 after purchasing an additional 38,954 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Guidewire Software by 32.9% during the third quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock worth $4,778,000 after purchasing an additional 13,136 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Guidewire Software by 1,318.8% during the third quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock worth $3,880,000 after purchasing an additional 39,669 shares during the period. Finally, Yarbrough Capital LLC lifted its holdings in shares of Guidewire Software by 56.3% during the fourth quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company’s stock worth $820,000 after purchasing an additional 2,709 shares during the period.

Guidewire Software Price Performance

Shares of GWRE traded down $1.03 during trading hours on Wednesday, hitting $108.28. 345,727 shares of the stock were exchanged, compared to its average volume of 638,461. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -174.64 and a beta of 1.15. The stock’s 50-day moving average price is $115.74 and its two-hundred day moving average price is $105.73.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. Research analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,435 shares of company stock valued at $1,053,821. Insiders own 0.38% of the company’s stock.

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.