Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399,690 shares of the technology company's stock after selling 41,847 shares during the quarter. Brown Advisory Inc. owned about 0.48% of Guidewire Software worth $74,886,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GWRE. Charles Schwab Investment Management Inc. boosted its stake in shares of Guidewire Software by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company's stock worth $88,098,000 after purchasing an additional 4,386 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth about $12,050,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the 4th quarter worth about $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth about $205,000. Finally, Banco Santander S.A. purchased a new position in shares of Guidewire Software during the 4th quarter worth about $427,000.

Guidewire Software Stock Down 2.6%

Shares of NYSE:GWRE traded down $6.10 during trading hours on Thursday, hitting $225.15. The company's stock had a trading volume of 748,926 shares, compared to its average volume of 969,198. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 562.88, a P/E/G ratio of 20.51 and a beta of 1.16. The firm's fifty day moving average price is $228.17 and its 200 day moving average price is $204.09.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. Guidewire Software's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company'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 transaction of $359,100.00. Following the transaction, the chief executive officer owned 245,993 shares in the company, valued at approximately $63,097,204.50. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,860 shares of company stock valued at $4,214,136. 0.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Raymond James Financial boosted their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.