Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,787 shares of the technology company's stock after selling 6,786 shares during the period. Bessemer Group Inc. owned 0.22% of Guidewire Software worth $34,998,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ossiam bought a new position in shares of Guidewire Software during the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB raised its stake in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares in the last quarter. Dunhill Financial LLC purchased a new stake in Guidewire Software in the first quarter worth $33,000. Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software in the 4th quarter worth about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the last quarter.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the sale, the chief executive officer now owns 259,993 shares in the company, valued at $47,945,309.13. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Keller sold 860 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $254.53, for a total value of $218,895.80. Following the completion of the sale, the director now owns 11,410 shares of the company's stock, valued at approximately $2,904,187.30. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,160 shares of company stock worth $3,779,767 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 0.5%

GWRE traded down $1.14 on Thursday, hitting $234.87. 853,392 shares of the company were exchanged, compared to its average volume of 956,105. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The company has a market cap of $19.77 billion, a price-to-earnings ratio of 587.17, a price-to-earnings-growth ratio of 23.32 and a beta of 1.15. The firm has a 50-day moving average price of $220.49 and a two-hundred day moving average price of $199.66. Guidewire Software, Inc. has a twelve month low of $132.01 and a twelve month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period last year, the business earned $0.26 EPS. Guidewire Software's revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GWRE. The Goldman Sachs Group upped their price objective on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. JMP Securities increased their target price on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $248.31.

Guidewire Software Company Profile

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.