Guidewire Software, Inc. $GWRE Stock Position Reduced by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,925 shares of the technology company’s stock after selling 5,797 shares during the period. Motley Fool Wealth Management LLC’s holdings in Guidewire Software were worth $7,221,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Guidewire Software by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after buying an additional 116,726 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after buying an additional 145,924 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Guidewire Software by 18.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock worth $292,146,000 after buying an additional 202,064 shares during the last quarter. Capital World Investors bought a new position in Guidewire Software during the 4th quarter worth approximately $202,405,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Guidewire Software by 34.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock worth $225,894,000 after buying an additional 251,280 shares during the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at approximately $28,047,029.72. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 33,679 shares of company stock valued at $5,178,014. Company insiders own 0.46% of the company’s stock.

Guidewire Software Trading Down 1.9%

Shares of NYSE GWRE opened at $124.75 on Wednesday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 67.43 and a beta of 0.93. Guidewire Software, Inc. has a 12-month low of $115.57 and a 12-month high of $272.60. The company has a current ratio of 2.44, a quick ratio of 2.93 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $139.19 and its 200 day simple moving average is $159.28.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Royal Bank Of Canada reduced their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus reduced their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Oppenheimer reduced their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $229.00.

About Guidewire Software

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.