Stephens Investment Management Group LLC Reduces Stake in Guidewire Software Inc (NYSE:GWRE)

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Stephens Investment Management Group LLC lowered its position in Guidewire Software Inc (NYSE:GWRE) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 420,499 shares of the technology company’s stock after selling 90,448 shares during the period. Stephens Investment Management Group LLC owned approximately 0.51% of Guidewire Software worth $42,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in Guidewire Software by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 153,323 shares of the technology company’s stock valued at $14,853,000 after buying an additional 9,005 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Guidewire Software by 76.4% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 5,021 shares of the technology company’s stock valued at $488,000 after buying an additional 2,174 shares during the last quarter. Diversified Trust Co purchased a new stake in Guidewire Software in the first quarter valued at approximately $219,000. Swiss National Bank boosted its position in Guidewire Software by 3.6% in the first quarter. Swiss National Bank now owns 147,618 shares of the technology company’s stock valued at $14,343,000 after buying an additional 5,100 shares during the last quarter. Finally, Keybank National Association OH boosted its position in Guidewire Software by 10.7% in the first quarter. Keybank National Association OH now owns 3,109 shares of the technology company’s stock valued at $302,000 after buying an additional 301 shares during the last quarter.

In other Guidewire Software news, insider Steven P. Sherry sold 4,716 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $100.52, for a total value of $474,052.32. Following the completion of the transaction, the insider now directly owns 3,268 shares of the company’s stock, valued at $328,499.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $96.54, for a total value of $1,930,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,404 shares of the company’s stock, valued at $2,162,882.16. The disclosure for this sale can be found here. Insiders sold 38,702 shares of company stock valued at $3,799,748 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

A number of brokerages recently commented on GWRE. Piper Jaffray Companies upped their target price on Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. ValuEngine lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $106.56.

NYSE:GWRE traded up $0.09 during trading hours on Thursday, reaching $94.04. The company had a trading volume of 12,523 shares, compared to its average volume of 583,704. Guidewire Software Inc has a 1-year low of $73.82 and a 1-year high of $109.06. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 1,041.11, a PEG ratio of 29.67 and a beta of 1.18. The stock has a 50 day moving average price of $100.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.38 and a current ratio of 6.38.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. Guidewire Software had a return on equity of 4.76% and a net margin of 10.66%. The company had revenue of $162.90 million during the quarter, compared to the consensus estimate of $155.23 million. During the same period in the previous year, the company posted $0.05 earnings per share. Guidewire Software’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that Guidewire Software Inc will post 0.48 earnings per share for the current year.

Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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