Guidewire Software, Inc. (NYSE:GWRE) Stake Lessened by Bamco Inc. NY

Bamco Inc. NY cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,008,129 shares of the technology company’s stock after selling 117,162 shares during the period. Guidewire Software accounts for approximately 2.9% of Bamco Inc. NY’s portfolio, making the stock its 7th largest position. Bamco Inc. NY owned 7.19% of Guidewire Software worth $1,099,127,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the period. CIBC Asset Management Inc increased its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 116 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of Guidewire Software by 4.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. DA Davidson restated a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a research note on Tuesday, November 19th. Citigroup upped their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.08.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value 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 approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Trading Up 0.5 %

Shares of NYSE GWRE opened at $202.89 on Monday. Guidewire Software, Inc. has a 12-month low of $95.02 and a 12-month high of $207.10. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of -2,535.81, a price-to-earnings-growth ratio of 52.48 and a beta of 1.18. The firm has a 50 day moving average of $189.29 and a 200 day moving average of $158.16.

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

About Guidewire Software

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.