Guidewire Software, Inc. (NYSE:GWRE) Stock Position Reduced by Adirondack Retirement Specialists Inc.

Adirondack Retirement Specialists Inc. cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,177 shares of the technology company’s stock after selling 3,914 shares during the period. Guidewire Software makes up 4.7% of Adirondack Retirement Specialists Inc.’s holdings, making the stock its 8th biggest holding. Adirondack Retirement Specialists Inc. owned 0.09% of Guidewire Software worth $4,640,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GWRE. Arete Wealth Advisors LLC acquired a new position in shares of Guidewire Software in the fourth quarter valued at approximately $916,572,740,000. Balentine LLC grew its holdings in Guidewire Software by 26.1% during the 4th quarter. Balentine LLC now owns 5,891 shares of the technology company’s stock worth $369,000 after acquiring an additional 1,218 shares in the last quarter. Trexquant Investment LP acquired a new position in Guidewire Software during the 3rd quarter worth approximately $3,862,000. DekaBank Deutsche Girozentrale grew its holdings in Guidewire Software by 11.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,438 shares of the technology company’s stock worth $525,000 after acquiring an additional 866 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Guidewire Software by 16.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,324 shares of the technology company’s stock worth $83,000 after acquiring an additional 190 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GWRE. StockNews.com began coverage on shares of Guidewire Software in a research report on Thursday. They set a “hold” rating for the company. Wells Fargo & Company upped their price target on shares of Guidewire Software from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, March 7th. The Goldman Sachs Group initiated coverage on shares of Guidewire Software in a research report on Monday, January 23rd. They issued a “buy” rating and a $88.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Guidewire Software in a research report on Tuesday, March 7th. Finally, Stifel Nicolaus upped their price target on shares of Guidewire Software from $60.00 to $72.00 and gave the company a “hold” rating in a research report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.09.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 1,526 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $76.88, for a total value of $117,318.88. Following the sale, the insider now directly owns 35,550 shares of the company’s stock, valued at approximately $2,733,084. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 11,576 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $77.17, for a total value of $893,319.92. Following the transaction, the insider now directly owns 131,533 shares in the company, valued at approximately $10,150,401.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James Winston King sold 1,526 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $76.88, for a total transaction of $117,318.88. Following the completion of the transaction, the insider now owns 35,550 shares in the company, valued at $2,733,084. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,445 shares of company stock valued at $2,037,798. Insiders own 0.30% of the company’s stock.

Guidewire Software Stock Performance

NYSE:GWRE opened at $80.36 on Monday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a fifty-two week low of $52.08 and a fifty-two week high of $83.14. The stock has a market cap of $6.55 billion, a PE ratio of -40.18 and a beta of 1.27. The firm’s fifty day simple moving average is $77.65 and its 200-day simple moving average is $70.01.

Guidewire Software (NYSE:GWRE – Get Rating) last issued its quarterly earnings data on Monday, March 6th. The technology company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.17). The business had revenue of $232.61 million during the quarter, compared to analyst estimates of $222.13 million. Guidewire Software had a negative net margin of 19.19% and a negative return on equity of 12.63%. Analysts expect that Guidewire Software, Inc. will post -1.74 earnings per share for the current fiscal year.

Guidewire Software Company Profile

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.