Yarbrough Capital LLC Sells 4,810 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Yarbrough Capital LLC lessened its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 64.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,709 shares of the technology company's stock after selling 4,810 shares during the quarter. Yarbrough Capital LLC's holdings in Guidewire Software were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ossiam acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the 4th quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares during the period. Finally, Colonial Trust Co SC lifted its stake in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after acquiring an additional 183 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the sale, the president now directly owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,671 shares of company stock valued at $5,592,148. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GWRE. Oppenheimer raised their price target on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Citigroup upped their target price on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One investment 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Price Performance

NYSE GWRE traded up $1.58 on Monday, reaching $257.35. 1,270,351 shares of the stock traded hands, compared to its average volume of 945,609. Guidewire Software, Inc. has a 12 month low of $129.90 and a 12 month high of $263.20. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 714.86, a P/E/G ratio of 37.21 and a beta of 1.15. The firm's fifty day simple moving average is $204.44 and its 200 day simple moving average is $195.49. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period in the prior year, the business posted $0.26 earnings per share. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. As a group, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.