Brown Advisory Inc. Sells 41,847 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Brown Advisory Inc. cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.5% during the 1st quarter, according to its most recent filing 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 period. Brown Advisory Inc. owned 0.48% of Guidewire Software worth $74,886,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $32,000 after purchasing an additional 70 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Guidewire Software by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock worth $107,000 after acquiring an additional 80 shares during the period. True Wealth Design LLC lifted its holdings in shares of Guidewire Software by 14.4% during the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock worth $114,000 after acquiring an additional 85 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares during the period. Finally, Nebula Research & Development LLC lifted its holdings in shares of Guidewire Software by 8.5% during the 4th quarter. Nebula Research & Development LLC now owns 1,274 shares of the technology company's stock worth $215,000 after acquiring an additional 100 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report 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 report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, JMP Securities upped their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. One 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 stock. According to data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus price target of $248.31.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the stock in a transaction 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 directly owned 146,489 shares of the company's stock, valued at $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $230.70, for a total transaction of $322,980.00. Following the transaction, the chief executive officer directly owned 234,468 shares in the company, valued at approximately $54,091,767.60. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,860 shares of company stock worth $4,214,136 over the last three months. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 2.5%

NYSE GWRE traded down $5.69 on Friday, hitting $219.44. The company's stock had a trading volume of 611,491 shares, compared to its average volume of 967,773. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The company's 50-day moving average is $228.17 and its 200 day moving average is $204.09. The firm has a market cap of $18.48 billion, a PE ratio of 548.60, a PEG ratio of 20.51 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share 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 company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period in the prior year, the company posted $0.26 earnings per share. Guidewire Software's revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.