Principal Financial Group Inc. Sells 1,281 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Principal Financial Group Inc. lessened its holdings in Guidewire Software, Inc. (NYSE:GWREFree Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,397 shares of the technology company’s stock after selling 1,281 shares during the period. Principal Financial Group Inc.’s holdings in Guidewire Software were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GWRE. AGF Management Ltd. acquired a new position in shares of Guidewire Software in the fourth quarter valued at $3,189,000. Charles Schwab Investment Management Inc. raised its holdings in Guidewire Software by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 513,104 shares of the technology company’s stock valued at $55,949,000 after acquiring an additional 5,949 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Guidewire Software during the fourth quarter worth approximately $134,000. Amalgamated Bank lifted its position in Guidewire Software by 34.4% during the fourth quarter. Amalgamated Bank now owns 17,151 shares of the technology company’s stock worth $1,870,000 after acquiring an additional 4,390 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Guidewire Software by 5.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 9,143 shares of the technology company’s stock worth $997,000 after acquiring an additional 510 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GWRE shares. Robert W. Baird increased their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer upped their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

View Our Latest Report on Guidewire Software

Guidewire Software Trading Down 3.8 %

GWRE opened at $109.62 on Tuesday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of -176.80 and a beta of 1.14. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $125.35. The company has a 50-day simple moving average of $115.46 and a 200 day simple moving average of $111.86.

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

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’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 $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders sold a total of 10,785 shares of company stock worth $1,220,087 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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