Lyell Wealth Management LP Has $8.27 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Lyell Wealth Management LP trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,190 shares of the technology company’s stock after selling 10,700 shares during the quarter. Lyell Wealth Management LP owned 0.05% of Guidewire Software worth $8,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Guidewire Software during the 1st quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software in the second quarter valued at $31,000. Lynx Investment Advisory bought a new position in Guidewire Software in the second quarter worth $41,000. DT Investment Partners LLC acquired a new stake in Guidewire Software during the second quarter worth $41,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Guidewire Software during the second quarter worth $55,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GWRE shares. 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 report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred 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 sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,050,448 in the last quarter. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $187.11 on Friday. The business has a fifty day moving average of $170.57 and a 200-day moving average of $143.63. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $191.48.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current 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.