Brown Brothers Harriman & Co. Reduces Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Brown Brothers Harriman & Co. reduced its position in Guidewire Software, Inc. (NYSE:GWRE) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 803,213 shares of the technology company’s stock after selling 46,879 shares during the quarter. Guidewire Software makes up about 0.9% of Brown Brothers Harriman & Co.’s holdings, making the stock its 27th largest position. Brown Brothers Harriman & Co. owned about 0.96% of Guidewire Software worth $135,406,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after purchasing an additional 291,774 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after purchasing an additional 6,223 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after buying an additional 53,967 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GWRE shares. Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 2.1 %

NYSE GWRE opened at $187.54 on Friday. The stock’s 50-day simple moving average is $199.36 and its two-hundred day simple moving average is $188.52. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month 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 company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 520.95, a PEG ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $285.74 million. Research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $52,434.00. Following the transaction, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now owns 274,730 shares of the company’s stock, valued at $58,979,036.40. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,180 shares of company stock valued at $7,159,763. 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.