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

Brown Capital Management LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,025,129 shares of the technology company’s stock after selling 20,679 shares during the period. Guidewire Software accounts for approximately 3.7% of Brown Capital Management LLC’s holdings, making the stock its 11th biggest position. Brown Capital Management LLC owned approximately 3.71% of Guidewire Software worth $248,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Granahan Investment Management LLC raised its holdings in Guidewire Software by 7.2% during the first quarter. Granahan Investment Management LLC now owns 239,832 shares of the technology company’s stock worth $19,678,000 after purchasing an additional 16,063 shares in the last quarter. Vancity Investment Management Ltd bought a new stake in Guidewire Software during the first quarter worth approximately $651,000. Wasatch Advisors LP raised its holdings in Guidewire Software by 12.0% during the first quarter. Wasatch Advisors LP now owns 2,577,292 shares of the technology company’s stock worth $211,467,000 after purchasing an additional 276,477 shares in the last quarter. Stifel Financial Corp raised its holdings in Guidewire Software by 40.2% during the first quarter. Stifel Financial Corp now owns 55,783 shares of the technology company’s stock worth $4,577,000 after purchasing an additional 16,001 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Guidewire Software by 324.9% during the first quarter. Great West Life Assurance Co. Can now owns 17,790 shares of the technology company’s stock worth $1,462,000 after purchasing an additional 13,603 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $71.12, for a total value of $74,676.00. Following the transaction, the insider now owns 34,691 shares in the company, valued at approximately $2,467,223.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider James Winston King sold 1,050 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $71.12, for a total transaction of $74,676.00. Following the transaction, the insider now owns 34,691 shares in the company, valued at approximately $2,467,223.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 7,584 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $71.13, for a total transaction of $539,449.92. Following the transaction, the chief executive officer now owns 188,016 shares in the company, valued at approximately $13,373,578.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,229 shares of company stock worth $941,620. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on GWRE shares. StockNews.com started coverage on Guidewire Software in a report on Thursday, August 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on Guidewire Software from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson upped their price target on Guidewire Software from $90.00 to $94.00 in a report on Wednesday, May 31st. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Friday. Finally, Robert W. Baird boosted their price target on shares of Guidewire Software from $80.00 to $96.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.64.

Guidewire Software Stock Up 11.0 %

Guidewire Software stock opened at $94.15 on Friday. The firm has a market cap of $7.67 billion, a PE ratio of -69.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.65 and a current ratio of 3.65. The firm’s 50 day moving average price is $81.30 and its two-hundred day moving average price is $77.85. Guidewire Software, Inc. has a twelve month low of $52.08 and a twelve month high of $95.88.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 7th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.36. The firm had revenue of $270.00 million for the quarter, compared to analyst estimates of $261.38 million. Guidewire Software had a negative net margin of 12.35% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) EPS. On average, research analysts predict that Guidewire Software, Inc. will post -0.92 EPS for the current fiscal year.

Guidewire Software Profile

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.