Robeco Institutional Asset Management B.V. Reduces Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Robeco Institutional Asset Management B.V. cut its position in Guidewire Software, Inc. (NYSE:GWRE) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,965 shares of the technology company’s stock after selling 60,282 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.17% of Guidewire Software worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inceptionr LLC acquired a new stake in Guidewire Software during the 4th quarter valued at approximately $603,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Guidewire Software in the fourth quarter worth $105,311,000. AGF Management Ltd. acquired a new stake in 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 fourth 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Guidewire Software during the 4th quarter valued at $134,000.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $120.92 on Friday. The stock’s fifty day simple moving average is $115.10 and its 200 day simple moving average is $110.78. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of -195.03 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 52-week low of $68.45 and a 52-week high of $125.35.

Guidewire Software (NYSE:GWRE) last issued its quarterly 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. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John P. Mullen sold 3,665 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of 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 Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GWRE shares. Robert W. Baird upped their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer lifted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Raymond James started coverage on shares of Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research report 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.11.

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.