Motley Fool Wealth Management LLC Lowers Stake in Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Wealth Management LLC lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,864 shares of the technology company’s stock after selling 910 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.07% of Guidewire Software worth $10,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. International Assets Investment Management LLC boosted its position in Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the period. Teca Partners LP acquired a new position in shares of Guidewire Software during the second quarter valued at $25,893,000. Linonia Partnership LP increased its stake in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in Guidewire Software during the 2nd quarter worth $22,318,000.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $204.07 on Wednesday. The firm has a fifty day moving average price of $190.39 and a two-hundred day moving average price of $159.53. Guidewire Software, Inc. has a fifty-two week low of $95.02 and a fifty-two week high of $207.10. The company has a market cap of $17.04 billion, a PE ratio of -2,550.49, a price-to-earnings-growth ratio of 51.96 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 6,718 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares in the company, valued at approximately $27,562,643.84. The trade was a 4.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a report on Tuesday, November 19th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup upped their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. BTIG Research lifted their price target on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.08.

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.