Guidewire Software, Inc. $GWRE Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,925 shares of the technology company’s stock after selling 5,797 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Guidewire Software were worth $7,221,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $29,000. Flagship Harbor Advisors LLC acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $36,000. Harbour Investments Inc. increased its position in Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after acquiring an additional 112 shares during the period. Finally, Clearstead Advisors LLC increased its position in Guidewire Software by 82.4% in the 3rd quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after acquiring an additional 122 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. BTIG Research reiterated a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Citizens Jmp lowered their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. DA Davidson lowered their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Guidewire Software Stock Down 1.9%

Shares of GWRE stock opened at $124.75 on Wednesday. Guidewire Software, Inc. has a 1 year low of $115.57 and a 1 year high of $272.60. The stock has a market cap of $10.39 billion, a PE ratio of 67.43 and a beta of 0.93. The business’s fifty day moving average is $139.19 and its 200-day moving average is $159.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.93 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities analysts expect that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00. Following the completion of the sale, the chief executive officer directly owned 206,806 shares of the company’s stock, valued at $28,047,029.72. This trade represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 33,679 shares of company stock worth $5,178,014. Company insiders own 0.46% of the company’s stock.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.