Dimensional Fund Advisors LP Sells 57,712 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Dimensional Fund Advisors LP reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,525 shares of the technology company’s stock after selling 57,712 shares during the quarter. Dimensional Fund Advisors LP owned 0.61% of Guidewire Software worth $69,156,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GWRE. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software during the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new position in Guidewire Software during the first quarter worth $29,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software in the second quarter valued at $31,000. Lynx Investment Advisory bought a new position in shares of Guidewire Software in the second quarter valued at about $41,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth about $41,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. Royal Bank of Canada increased their price objective on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Citigroup upped their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Oppenheimer lifted their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. One 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $163.62.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,601 shares of company stock worth $8,984,892. Insiders own 0.38% of the company’s stock.

Guidewire Software Trading Up 0.7 %

Shares of Guidewire Software stock opened at $177.96 on Friday. The firm’s 50 day moving average is $154.66 and its 200 day moving average is $133.77. The firm has a market capitalization of $14.71 billion, a PE ratio of -1,368.92 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $179.13.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

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.