US Bancorp DE Sells 1,047 Shares of Guidewire Software, Inc. (NYSE:GWRE)

US Bancorp DE lowered its holdings in Guidewire Software, Inc. (NYSE:GWREGet Rating) by 6.9% in the first quarter, HoldingsChannel.com reports. The firm owned 14,221 shares of the technology company’s stock after selling 1,047 shares during the quarter. US Bancorp DE’s holdings in Guidewire Software were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Guidewire Software by 7.0% during the 1st quarter. Teacher Retirement System of Texas now owns 16,268 shares of the technology company’s stock worth $1,539,000 after acquiring an additional 1,070 shares during the period. Washington Trust Advisors Inc. lifted its holdings in shares of Guidewire Software by 6.3% during the 1st quarter. Washington Trust Advisors Inc. now owns 3,170 shares of the technology company’s stock worth $300,000 after acquiring an additional 189 shares during the period. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Guidewire Software by 3.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,423 shares of the technology company’s stock worth $419,000 after acquiring an additional 147 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Guidewire Software by 104.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,583 shares of the technology company’s stock worth $1,758,000 after acquiring an additional 9,490 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Guidewire Software by 9.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 447,307 shares of the technology company’s stock worth $50,783,000 after acquiring an additional 38,097 shares during the period. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GWRE. DA Davidson cut their price target on shares of Guidewire Software from $114.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, August 30th. Robert W. Baird lowered their price objective on shares of Guidewire Software from $118.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. Oppenheimer reiterated an “initiates” rating on shares of Guidewire Software in a research report on Wednesday, July 27th. Stifel Nicolaus lowered their price objective on shares of Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. Finally, Citigroup lowered their price objective on shares of Guidewire Software from $89.00 to $88.00 and set a “neutral” rating for the company in a research report on Wednesday, June 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Hold” and an average price target of $100.30.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,636 shares of the stock in a transaction on Friday, June 17th. The shares were sold at an average price of $72.18, for a total transaction of $406,806.48. Following the completion of the sale, the chief executive officer now directly owns 125,474 shares in the company, valued at $9,056,713.32. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Michael George Rosenbaum sold 5,636 shares of the stock in a transaction on Friday, June 17th. The shares were sold at an average price of $72.18, for a total transaction of $406,806.48. Following the completion of the sale, the chief executive officer now directly owns 125,474 shares in the company, valued at $9,056,713.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James Winston King sold 993 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of $72.18, for a total transaction of $71,674.74. Following the sale, the insider now owns 28,307 shares of the company’s stock, valued at $2,043,199.26. The disclosure for this sale can be found here. Insiders sold a total of 15,898 shares of company stock worth $1,157,541 over the last three months. 0.17% of the stock is owned by company insiders.

Guidewire Software Trading Down 0.4 %

Shares of NYSE GWRE opened at $68.51 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.45 and a current ratio of 4.45. Guidewire Software, Inc. has a 52-week low of $67.43 and a 52-week high of $130.95. The firm has a 50 day moving average price of $75.57 and a two-hundred day moving average price of $81.91. The stock has a market cap of $5.74 billion, a P/E ratio of -37.85 and a beta of 1.30.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, June 7th. The technology company reported ($0.61) earnings per share for the quarter, hitting the consensus estimate of ($0.61). Guidewire Software had a negative net margin of 18.86% and a negative return on equity of 7.80%. The company had revenue of $197.45 million during the quarter, compared to analysts’ expectations of $187.73 million. During the same period in the prior year, the company posted ($0.39) earnings per share. Guidewire Software’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post -1.9 EPS for the current year.

Guidewire Software Profile

(Get Rating)

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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

See Also

Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWREGet Rating).

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

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.