SG Americas Securities LLC Decreases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

SG Americas Securities LLC cut its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 93.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,044 shares of the technology company's stock after selling 26,956 shares during the period. SG Americas Securities LLC's holdings in Guidewire Software were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp lifted its stake in Guidewire Software by 21.8% in the 4th quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock worth $1,626,000 after purchasing an additional 1,724 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Guidewire Software by 46.9% during the fourth quarter. D.A. Davidson & CO. now owns 1,779 shares of the technology company's stock valued at $300,000 after buying an additional 568 shares during the period. IFP Advisors Inc grew its position in Guidewire Software by 1,432.1% during the fourth quarter. IFP Advisors Inc now owns 812 shares of the technology company's stock worth $137,000 after buying an additional 759 shares in the last quarter. Amalgamated Bank increased its stake in Guidewire Software by 7.0% in the 4th quarter. Amalgamated Bank now owns 5,182 shares of the technology company's stock worth $874,000 after acquiring an additional 340 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after acquiring an additional 75 shares in the last quarter.

Guidewire Software Stock Down 0.7%

GWRE stock traded down $1.62 during midday trading on Wednesday, hitting $235.83. The stock had a trading volume of 635,041 shares, compared to its average volume of 954,764. The business has a 50-day moving average of $219.62 and a two-hundred day moving average of $199.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 589.58, a price-to-earnings-growth ratio of 23.42 and a beta of 1.15. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20.

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. The firm had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company's revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $238.12, for a total transaction of $333,368.00. Following the completion of the sale, the chief executive officer now owns 237,268 shares of the company's stock, valued at $56,498,256.16. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the completion of the transaction, the president now owns 164,030 shares of the company's stock, valued at approximately $30,829,438.50. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,160 shares of company stock valued at $3,542,237 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GWRE shares. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, JMP Securities increased their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $248.31.

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.