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

Brown Advisory Inc. lessened its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 399,690 shares of the technology company's stock after selling 41,847 shares during the period. Brown Advisory Inc. owned about 0.48% of Guidewire Software worth $74,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $88,098,000 after buying an additional 4,386 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Guidewire Software during the 4th quarter valued at approximately $12,050,000. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software during the 4th quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Guidewire Software in the fourth quarter valued at $205,000. Finally, Banco Santander S.A. purchased a new position in shares of Guidewire Software in the fourth quarter valued at $427,000.

Guidewire Software Stock Up 0.4%

Shares of Guidewire Software stock traded up $0.84 during trading on Wednesday, hitting $231.23. 502,555 shares of the stock traded hands, compared to its average volume of 966,927. The firm has a market cap of $19.47 billion, a P/E ratio of 578.08, a price-to-earnings-growth ratio of 20.71 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, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The stock's fifty day simple moving average is $227.23 and its 200 day simple moving average is $203.54.

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, beating the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. On average, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the sale, the president owned 146,489 shares in the company, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the sale, the chief executive officer owned 245,993 shares in the company, valued at $63,097,204.50. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,860 shares of company stock worth $4,214,136 in the last quarter. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. DA Davidson restated a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Oppenheimer raised their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. JMP Securities raised their price target 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, Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Guidewire Software has an average 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.