Janney Montgomery Scott LLC Has $1.73 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Janney Montgomery Scott LLC cut its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,465 shares of the technology company’s stock after selling 55 shares during the period. Janney Montgomery Scott LLC’s holdings in Guidewire Software were worth $1,732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Conestoga Capital Advisors LLC grew its stake in shares of Guidewire Software by 0.8% in the third quarter. Conestoga Capital Advisors LLC now owns 235,075 shares of the technology company’s stock valued at $43,005,000 after acquiring an additional 1,878 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Guidewire Software by 244.1% in the third quarter. Stephens Inc. AR now owns 8,365 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 5,934 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Guidewire Software in the third quarter valued at about $609,000. Pallas Capital Advisors LLC grew its stake in shares of Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after acquiring an additional 4,161 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Guidewire Software in the third quarter valued at about $1,241,000.

Analyst Ratings Changes

Several equities analysts recently commented on GWRE shares. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Royal Bank of Canada increased their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. DA Davidson reiterated a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, Wells Fargo & Company increased their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Guidewire Software Trading Up 0.4 %

GWRE stock opened at $196.24 on Thursday. The stock has a market capitalization of $16.39 billion, a P/E ratio of -2,452.69, a price-to-earnings-growth ratio of 50.59 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $94.52 and a 12 month high of $199.33. The firm has a 50-day moving average price of $181.81 and a 200-day moving average price of $151.08.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’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 business earned $0.30 earnings per share. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity 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 $49,523,889.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 $49,523,889.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now directly owns 190,611 shares of the company’s stock, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,050,448 in the last quarter. 0.48% of the stock is owned by insiders.

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.