Janney Montgomery Scott LLC Sells 337 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Janney Montgomery Scott LLC lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWREGet Rating) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,706 shares of the technology company’s stock after selling 337 shares during the period. Janney Montgomery Scott LLC’s holdings in Guidewire Software were worth $844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. William Blair Investment Management LLC increased its position in shares of Guidewire Software by 6.5% during the 2nd quarter. William Blair Investment Management LLC now owns 2,316,108 shares of the technology company’s stock valued at $164,421,000 after purchasing an additional 140,725 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Guidewire Software by 22.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,135,539 shares of the technology company’s stock valued at $151,602,000 after purchasing an additional 398,155 shares during the last quarter. RGM Capital LLC increased its position in shares of Guidewire Software by 11.3% during the 2nd quarter. RGM Capital LLC now owns 1,465,988 shares of the technology company’s stock valued at $104,070,000 after purchasing an additional 149,004 shares during the last quarter. Jarislowsky Fraser Ltd increased its position in shares of Guidewire Software by 3.2% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 1,420,881 shares of the technology company’s stock valued at $100,868,000 after purchasing an additional 44,434 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its position in shares of Guidewire Software by 32.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,399,871 shares of the technology company’s stock valued at $99,377,000 after purchasing an additional 341,273 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup reduced their target price on shares of Guidewire Software from $79.00 to $67.00 in a report on Wednesday, December 7th. JPMorgan Chase & Co. assumed coverage on shares of Guidewire Software in a report on Thursday, December 1st. They issued an “overweight” rating and a $78.00 target price for the company. BTIG Research reduced their target price on shares of Guidewire Software from $105.00 to $90.00 in a report on Wednesday, December 7th. Robert W. Baird reduced their target price on shares of Guidewire Software to $75.00 in a report on Monday, December 12th. Finally, DA Davidson reduced their target price on shares of Guidewire Software from $96.00 to $90.00 in a report on Thursday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Hold” and an average price target of $82.00.

Insider Activity

In other news, COO Priscilla Hung sold 9,547 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total transaction of $668,290.00. Following the completion of the transaction, the chief operating officer now directly owns 57,915 shares in the company, valued at approximately $4,054,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider James Winston King sold 1,577 shares of the stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the transaction, the insider now directly owns 39,328 shares in the company, valued at approximately $2,414,739.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Priscilla Hung sold 9,547 shares of the stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $70.00, for a total value of $668,290.00. Following the transaction, the chief operating officer now owns 57,915 shares of the company’s stock, valued at $4,054,050. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,063 shares of company stock worth $1,436,772. 0.17% of the stock is currently owned by insiders.

Guidewire Software Trading Down 0.6 %

Shares of GWRE opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 3.73. Guidewire Software, Inc. has a 1 year low of $52.08 and a 1 year high of $104.48. The company has a 50 day simple moving average of $62.02 and a two-hundred day simple moving average of $65.80. The firm has a market cap of $5.58 billion, a P/E ratio of -28.66 and a beta of 1.20.

Guidewire Software (NYSE:GWREGet Rating) last announced its quarterly earnings data on Tuesday, December 6th. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.13. Guidewire Software had a negative net margin of 23.57% and a negative return on equity of 10.64%. The business had revenue of $195.28 million during the quarter, compared to analyst estimates of $190.49 million. On average, equities analysts expect that Guidewire Software, Inc. will post -1.51 earnings per share for the current fiscal year.

Guidewire Software Profile

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Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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