Entropy Technologies LP Sells 27,520 Shares of Guidewire Software, Inc. $GWRE

Entropy Technologies LP lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 94.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,519 shares of the technology company’s stock after selling 27,520 shares during the period. Entropy Technologies LP’s holdings in Guidewire Software were worth $227,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. American Trust boosted its position in Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after buying an additional 61 shares during the period. Vident Advisory LLC increased its holdings in shares of Guidewire Software by 1.7% in the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after buying an additional 70 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Guidewire Software by 18.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after buying an additional 78 shares during the period. DMC Group LLC lifted its stake in shares of Guidewire Software by 6.5% in the 4th quarter. DMC Group LLC now owns 1,595 shares of the technology company’s stock valued at $321,000 after acquiring an additional 98 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Guidewire Software by 9.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock valued at $218,000 after acquiring an additional 98 shares during the last quarter.

Guidewire Software Price Performance

GWRE stock opened at $152.06 on Friday. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 82.20 and a beta of 0.95. The firm’s 50-day moving average price is $134.64 and its two-hundred day moving average price is $140.66. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, equities analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citizens Jmp dropped their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a report on Friday, June 5th. Stifel Nicolaus decreased their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. BTIG Research reiterated a “buy” rating and issued a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. Oppenheimer dropped their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Finally, Guggenheim initiated coverage on shares of Guidewire Software in a report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.00.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $308,011.56. Following the completion of the transaction, the chief financial officer owned 63,467 shares of the company’s stock, valued at $7,536,071.58. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Winston King sold 1,684 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider owned 30,018 shares of the company’s stock, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,193 shares of company stock worth $3,797,922. 0.46% of the stock is currently owned by company insiders.

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.