Guidewire Software Inc (NYSE:GWRE) Shares Sold by Morgan Stanley

Morgan Stanley lessened its holdings in Guidewire Software Inc (NYSE:GWRE) by 89.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,164 shares of the technology company’s stock after selling 387,583 shares during the quarter. Morgan Stanley’s holdings in Guidewire Software were worth $4,477,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Guidewire Software by 0.9% in the second quarter. Vanguard Group Inc. now owns 7,385,028 shares of the technology company’s stock worth $748,694,000 after purchasing an additional 64,125 shares during the period. Brown Capital Management LLC boosted its holdings in Guidewire Software by 13.1% in the second quarter. Brown Capital Management LLC now owns 3,730,434 shares of the technology company’s stock worth $378,191,000 after purchasing an additional 431,969 shares during the period. William Blair Investment Management LLC boosted its holdings in Guidewire Software by 13.8% in the second quarter. William Blair Investment Management LLC now owns 1,649,144 shares of the technology company’s stock worth $167,190,000 after purchasing an additional 200,198 shares during the period. Janus Henderson Group PLC boosted its holdings in Guidewire Software by 8.1% in the second quarter. Janus Henderson Group PLC now owns 1,636,460 shares of the technology company’s stock worth $165,904,000 after purchasing an additional 122,416 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Guidewire Software by 2.7% in the second quarter. Van ECK Associates Corp now owns 643,521 shares of the technology company’s stock worth $65,240,000 after purchasing an additional 16,683 shares during the period.

In related news, Director Marcus Ryu sold 49,982 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total transaction of $5,337,077.96. Following the sale, the director now directly owns 50,233 shares in the company, valued at $5,363,879.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Curtis Smith sold 1,310 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total transaction of $139,881.80. Following the sale, the chief financial officer now owns 7,503 shares in the company, valued at $801,170.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,709 shares of company stock worth $9,380,252. Company insiders own 0.69% of the company’s stock.

GWRE stock opened at $111.00 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.75 and a current ratio of 5.75. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 176.19, a PEG ratio of 46.28 and a beta of 1.17. Guidewire Software Inc has a 1 year low of $73.82 and a 1 year high of $113.34. The stock’s fifty day moving average is $106.72 and its two-hundred day moving average is $102.26.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.29. Guidewire Software had a return on equity of 3.37% and a net margin of 2.87%. The company had revenue of $207.86 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same period last year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. As a group, analysts predict that Guidewire Software Inc will post 0.18 EPS for the current fiscal year.

GWRE has been the topic of a number of recent research reports. DA Davidson raised their target price on Guidewire Software to $125.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus raised their target price on Guidewire Software from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 27th. ValuEngine cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $116.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $109.17.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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