Buckhead Capital Management LLC Reduces Stake in Guidewire Software, Inc. (NYSE:GWRE)

Buckhead Capital Management LLC reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 16.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,657 shares of the technology company's stock after selling 5,710 shares during the quarter. Guidewire Software comprises 1.7% of Buckhead Capital Management LLC's portfolio, making the stock its 19th biggest position. Buckhead Capital Management LLC's holdings in Guidewire Software were worth $5,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GWRE. SBI Securities Co. Ltd. lifted its holdings 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 purchasing an additional 105 shares in the last quarter. Ossiam bought a new position in shares of Guidewire Software during the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC bought a new position in shares of Guidewire Software during the 1st quarter valued at about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter.

Guidewire Software Price Performance

Shares of GWRE traded up $0.64 during trading hours on Friday, hitting $221.79. 507,494 shares of the company were exchanged, compared to its average volume of 970,149. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 554.48, a P/E/G ratio of 19.67 and a beta of 1.16. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average is $229.25 and its 200 day moving average is $206.37.

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

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 2,482 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the sale, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 245,993 shares in the company, valued at approximately $63,097,204.50. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,342 shares of company stock valued at $4,797,839. Insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Bank of America boosted their target price on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Oppenheimer upped their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial upped their price objective on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

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.