Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by RGM Capital LLC

RGM Capital LLC lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 28.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,059,963 shares of the technology company’s stock after selling 429,947 shares during the period. Guidewire Software makes up 8.4% of RGM Capital LLC’s investment portfolio, making the stock its 4th biggest holding. RGM Capital LLC owned about 1.27% of Guidewire Software worth $193,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Guidewire Software by 648.0% during the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after purchasing an additional 15,695 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Guidewire Software by 8.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after acquiring an additional 165 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares during the last quarter. Xponance Inc. lifted its position in Guidewire Software by 79.8% in the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after acquiring an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 4,161 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on GWRE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a research note on Tuesday, November 19th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities raised their price target on shares of Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a research report on Monday. Finally, Citigroup boosted their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares in the company, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

NYSE GWRE traded down $1.40 on Wednesday, hitting $203.06. 59,104 shares of the stock traded hands, compared to its average volume of 695,393. The business’s fifty day moving average is $186.96 and its two-hundred day moving average is $156.04. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $207.10.

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 the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share 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.