Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,366 shares of the technology company’s stock after selling 380 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Guidewire Software were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Guidewire Software by 11.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,693 shares of the technology company’s stock valued at $1,131,000 after buying an additional 1,010 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Guidewire Software by 88.7% during the first quarter. GSA Capital Partners LLP now owns 5,801 shares of the technology company’s stock worth $677,000 after purchasing an additional 2,727 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Guidewire Software in the 1st quarter valued at about $29,000. SG Americas Securities LLC purchased a new stake in shares of Guidewire Software in the 1st quarter valued at about $417,000. Finally, Swiss National Bank boosted its position in shares of Guidewire Software by 0.7% in the 1st quarter. Swiss National Bank now owns 153,600 shares of the technology company’s stock valued at $17,927,000 after purchasing an additional 1,100 shares during the period.

Insider Activity

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of 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. Insiders sold 52,601 shares of company stock worth $9,050,448 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Royal Bank of Canada upped their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Citigroup raised their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company upped their target price on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, JMP Securities raised their price target on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.62.

Guidewire Software Trading Up 3.0 %

NYSE GWRE opened at $191.86 on Thursday. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of -2,397.95, a PEG ratio of 47.99 and a beta of 1.18. The business’s 50 day moving average is $177.03 and its two-hundred day moving average is $148.18. Guidewire Software, Inc. has a 12-month low of $89.36 and a 12-month high of $192.36.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

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.