Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Lowered by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Guidewire Software by 10.7%, now holding 19,092 shares worth approximately $3.58 million.
• CEO Michael George Rosenbaum sold 1,400 shares for about $359,100, representing a 0.57% decrease in his ownership.
• Wall Street analysts upgraded Guidewire Software shares, with a consensus rating of "Moderate Buy" and an average price target of $250.92.

US Bancorp DE lowered its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,092 shares of the technology company's stock after selling 2,283 shares during the quarter. US Bancorp DE's holdings in Guidewire Software were worth $3,577,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of GWRE. SBI Securities Co. Ltd. boosted its holdings in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares during the period. Ossiam acquired a new position in shares of Guidewire Software during the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 period. Dunhill Financial LLC acquired a new stake in Guidewire Software during the 1st quarter valued at $33,000. Finally, Colonial Trust Co SC grew its holdings in Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares in the last quarter.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the transaction, the president directly owned 146,489 shares of the company's stock, valued at $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. In the last three months, insiders sold 24,342 shares of company stock valued at $5,572,791. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GWRE. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Bank of America boosted their price target on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their price objective on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, 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 report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded up $2.21 during trading on Wednesday, reaching $225.27. The stock had a trading volume of 425,054 shares, compared to its average volume of 585,131. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The stock has a market cap of $18.97 billion, a PE ratio of 563.18, a P/E/G ratio of 15.73 and a beta of 1.16. Guidewire Software, Inc. has a one year low of $140.61 and a one year high of $263.20. The firm's 50 day moving average price is $232.10 and its two-hundred day moving average price is $210.70.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 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 firm 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 company posted $0.26 earnings per share. The firm's revenue was up 22.0% on a year-over-year basis. On average, research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.