Blair William & Co. IL Sells 33,637 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Key Points

• Blair William & Co. IL reduced its stake in Guidewire Software by 2.8%, selling 33,637 shares, which leaves them with holdings totaling 1.41% of the company worth approximately $221 million.
• Guidewire Software reported earnings of $0.88 EPS, surpassing analyst expectations, and reported a revenue increase of 22% compared to the previous year.
• Wall Street analysts have raised their price targets for Guidewire Software, with estimates ranging from $160 to $290, reflecting a positive outlook for the company's performance.

Blair William & Co. IL decreased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,179,878 shares of the technology company's stock after selling 33,637 shares during the quarter. Blair William & Co. IL owned 1.41% of Guidewire Software worth $221,062,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in shares of Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. Ossiam bought a new position in shares of Guidewire Software in the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its position in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Dunhill Financial LLC bought a new position in Guidewire Software in the 1st quarter worth approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the period.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at approximately $63,097,204.50. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 2,482 shares of Guidewire Software stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the sale, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,342 shares of company stock worth $5,572,791. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

Shares of GWRE traded down $2.80 during midday trading on Tuesday, reaching $223.39. The stock had a trading volume of 74,512 shares, compared to its average volume of 989,224. The firm has a 50 day simple moving average of $231.82 and a 200-day simple moving average of $210.61. Guidewire Software, Inc. has a one year low of $139.45 and a one year high of $263.20. The firm has a market cap of $18.81 billion, a PE ratio of 559.58, a P/E/G ratio of 15.71 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its 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 business had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. Bank of America increased their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Finally, Raymond James Financial raised their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

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.