Exchange Capital Management Inc. Sells 1,525 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Exchange Capital Management Inc. trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,310 shares of the technology company’s stock after selling 1,525 shares during the quarter. Guidewire Software makes up about 1.1% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Exchange Capital Management Inc. owned approximately 0.07% of Guidewire Software worth $6,922,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GWRE. Linonia Partnership LP purchased a new stake in shares of Guidewire Software in the fourth quarter worth $189,965,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Guidewire Software in the fourth quarter worth $105,311,000. Norges Bank purchased a new stake in shares of Guidewire Software in the fourth quarter worth $97,829,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Guidewire Software by 628.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock worth $28,184,000 after purchasing an additional 270,169 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Guidewire Software by 3,308.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 189,525 shares of the technology company’s stock worth $20,666,000 after purchasing an additional 183,964 shares in the last quarter.

Guidewire Software Price Performance

NYSE GWRE traded up $0.76 during trading on Tuesday, reaching $139.75. 153,840 shares of the company’s stock traded hands, compared to its average volume of 631,712. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of -1,074.69 and a beta of 1.19. The company’s 50 day simple moving average is $123.57 and its two-hundred day simple moving average is $116.79. Guidewire Software, Inc. has a 12-month low of $74.03 and a 12-month high of $139.91.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Research analysts expect that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at approximately $8,282,018.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at approximately $8,282,018.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The disclosure for this sale can be found here. Insiders sold 13,064 shares of company stock worth $1,710,361 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GWRE shares. Citigroup increased their price objective on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Oppenheimer increased their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.08.

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.