Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by MQS Management LLC

MQS Management LLC lessened its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 25.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the technology company’s stock after selling 696 shares during the quarter. MQS Management LLC’s holdings in Guidewire Software were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GWRE. Allspring Global Investments Holdings LLC increased its stake in shares of Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares during the period. Partners Capital Investment Group LLP grew its position in Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after buying an additional 116 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after buying an additional 130 shares during the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Guidewire Software by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after buying an additional 135 shares during the period.

Insiders Place Their Bets

In related news, CFO Jeffrey Elliott Cooper sold 4,956 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total value of $855,901.20. Following the completion of the sale, the chief financial officer now owns 78,411 shares of the company’s stock, valued at $13,541,579.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Jeffrey Elliott Cooper sold 4,956 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.70, for a total value of $855,901.20. Following the completion of the sale, the chief financial officer now owns 78,411 shares of the company’s stock, valued at $13,541,579.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the sale, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $8,984,892 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GWRE has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. BTIG Research raised their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $161.69.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $174.54 on Friday. The business’s 50 day moving average price is $151.15 and its 200-day moving average price is $131.67. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $176.00. The firm has a market capitalization of $14.43 billion, a PE ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, analysts expect that Guidewire Software, Inc. will post 0.49 earnings per share for the current 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.