Guidewire Software, Inc. $GWRE Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC has reduced its holdings in Guidewire Software by 9.1%, owning 38,723 shares valued at approximately $7.25 million after selling 3,867 shares.
• Insider trading activity includes CEO Michael George Rosenbaum selling 1,400 shares and President John P. Mullen selling 3,000 shares, indicating slight decreases in their respective stock ownership.
• Multiple equity analysts have raised their price targets for Guidewire Software, with reports indicating an average price target of $250.92, reflecting a consensus of "Moderate Buy" ratings from analysts.

Ieq Capital LLC trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,723 shares of the technology company's stock after selling 3,867 shares during the period. Ieq Capital LLC's holdings in Guidewire Software were worth $7,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. lifted its position in shares of Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Guidewire Software by 70.0% during 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 period. Dunhill Financial LLC bought a new position in shares of Guidewire Software during the first quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Guidewire Software by 176.0% during the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction that occurred 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 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 26,541 shares of company stock worth $6,037,939 in the last ninety days. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

GWRE has been the topic of a number of analyst reports. Robert W. Baird upped their target price on Guidewire Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Stifel Nicolaus upped their target price on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group upped their target price on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Raymond James Financial upped their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a research note on Monday, June 23rd. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average price target of $258.08.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $1.10 on Tuesday, hitting $215.92. 349,788 shares of the company were exchanged, compared to its average volume of 944,929. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 539.42, a price-to-earnings-growth ratio of 15.30 and a beta of 1.22. The company has a 50-day moving average price of $222.11 and a 200 day moving average price of $211.59. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year 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 issued its earnings results 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. The business had revenue of $293.51 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. As a group, sell-side 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.