Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Guidewire Software by 97.0%, holding only 1,734 shares at the end of the first quarter, down from 56,635 shares.
• Guidewire Software's stock is currently trading at $213.46, with analysts raising their price targets, indicating a potential future value increase to as much as $290.00 based on recent reports.
• In recent insider trading, President John P. Mullen and CEO Michael George Rosenbaum sold shares, with total insider sales amounting to approximately $5.57 million in the last three months.

Jefferies Financial Group Inc. decreased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 97.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,734 shares of the technology company's stock after selling 56,635 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Guidewire Software were worth $325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Portside Wealth Group LLC lifted its stake in shares of Guidewire Software by 148.1% during the 1st quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company's stock worth $510,000 after acquiring an additional 1,626 shares during the last quarter. Praxis Investment Management Inc. bought a new stake in shares of Guidewire Software during the 1st quarter worth approximately $347,000. Principal Financial Group Inc. lifted its stake in shares of Guidewire Software by 3,320.4% during the 1st quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company's stock worth $36,131,000 after acquiring an additional 187,205 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Guidewire Software during the 1st quarter worth approximately $211,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Guidewire Software during the 1st quarter worth approximately $217,000.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at $63,097,204.50. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total value of $705,150.00. Following the transaction, the president owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,342 shares of company stock worth $5,572,791 in the last ninety days. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Down 1.8%

Shares of GWRE traded down $3.97 during trading hours on Friday, hitting $213.46. The company had a trading volume of 485,878 shares, compared to its average volume of 590,065. The company has a market capitalization of $17.97 billion, a PE ratio of 533.64, a price-to-earnings-growth ratio of 15.04 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 one year low of $142.94 and a one year high of $263.20. The company's fifty day moving average price is $232.54 and its two-hundred day moving average price is $211.48.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping 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 analyst estimates of $286.40 million. During the same period in the previous year, the company posted $0.26 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GWRE. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. Raymond James Financial lifted their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer lifted their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Bank of America lifted their target price on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Finally, JMP Securities lifted their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $250.92.

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.