Greenwich Wealth Management LLC Cuts Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Greenwich Wealth Management LLC reduced its position in Guidewire Software, Inc. (NYSE:GWRE) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,151 shares of the technology company’s stock after selling 88 shares during the period. Greenwich Wealth Management LLC’s holdings in Guidewire Software were worth $6,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after buying an additional 67,439 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after acquiring an additional 516,942 shares in the last quarter. Linonia Partnership LP grew its position in shares of Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after purchasing an additional 240,622 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Guidewire Software by 5.4% during the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after buying an additional 64,149 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,601 shares of company stock valued at $9,050,448. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Stock Down 0.1 %

Shares of NYSE:GWRE traded down $0.22 during trading on Friday, reaching $186.04. 649,134 shares of the company’s stock traded hands, compared to its average volume of 696,319. Guidewire Software, Inc. has a fifty-two week low of $89.08 and a fifty-two week high of $191.48. The company has a 50-day simple moving average of $173.80 and a 200-day simple moving average of $145.71. The firm has a market cap of $15.54 billion, a PE ratio of -2,324.83, a P/E/G ratio of 49.03 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GWRE shares. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. Stifel Nicolaus upped their price objective on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Finally, The Goldman Sachs Group increased their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.62.

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.