Brown Advisory Inc. Decreases Stake in Guidewire Software, Inc. (NYSE:GWRE)

Brown Advisory Inc. reduced its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the 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 approximately 0.48% of Guidewire Software worth $74,886,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GWRE. Ossiam acquired a new position in Guidewire Software during the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Guidewire Software by 70.0% in the first 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 last quarter. Dunhill Financial LLC purchased a new stake in shares of Guidewire Software in the first quarter valued at about $33,000. Cullen Frost Bankers Inc. bought a new position in Guidewire Software during the fourth quarter valued at about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Guidewire Software by 101.0% during 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.

Guidewire Software Trading Down 2.1%

GWRE traded down $4.94 during trading on Thursday, reaching $226.31. The company had a trading volume of 174,908 shares, compared to its average volume of 965,303. The stock has a market cap of $19.05 billion, a P/E ratio of 565.08, a PEG ratio of 20.43 and a beta of 1.16. The business has a 50 day simple moving average of $227.76 and a 200-day simple moving average of $203.73. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 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.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same quarter last year, the firm posted $0.26 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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 on Monday, July 7th. The stock was sold at an average price of $230.70, for a total value of $322,980.00. Following the completion of the sale, the chief executive officer directly owned 234,468 shares in the company, valued at $54,091,767.60. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Keller sold 1,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total value of $237,530.00. Following the transaction, the director owned 10,410 shares of the company's stock, valued at approximately $2,472,687.30. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,860 shares of company stock worth $4,214,136 over the last quarter. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GWRE shares. 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 research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. The Goldman Sachs Group increased their price target 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a research note on Monday, June 23rd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Company Profile

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.