Segall Bryant & Hamill LLC Decreases Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Segall Bryant & Hamill LLC trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 35.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,544 shares of the technology company's stock after selling 43,455 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Guidewire Software worth $14,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Guidewire Software by 1,132.1% in the 1st quarter. Larson Financial Group LLC now owns 345 shares of the technology company's stock worth $65,000 after buying an additional 317 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Guidewire Software by 5.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 31,192 shares of the technology company's stock worth $5,844,000 after purchasing an additional 1,513 shares during the period. Whittier Trust Co. lifted its holdings in Guidewire Software by 2.2% during the 1st quarter. Whittier Trust Co. now owns 60,706 shares of the technology company's stock valued at $11,374,000 after buying an additional 1,324 shares in the last quarter. ESG Planning DBA Harper Investing bought a new stake in Guidewire Software during the 1st quarter valued at about $215,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 16.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock valued at $966,252,000 after buying an additional 720,322 shares in the last quarter.

Guidewire Software Stock Up 0.3%

Guidewire Software stock traded up $0.64 during trading on Friday, reaching $221.79. The stock had a trading volume of 507,494 shares, compared to its average volume of 968,682. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The business has a 50 day moving average price of $229.25 and a 200 day moving average price of $206.11. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a market cap of $18.67 billion, a PE ratio of 554.48, a P/E/G ratio of 19.61 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $286.40 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent analyst reports. JMP Securities boosted 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 note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Bank of America upped their price objective 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. Finally, Stifel Nicolaus increased their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.31.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the firm's 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 approximately $34,432,239.45. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Winston King sold 2,482 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,342 shares of company stock valued at $4,797,839. Insiders own 0.48% of the company's stock.

Guidewire Software 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.