Janney Montgomery Scott LLC Sells 337 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Janney Montgomery Scott LLC trimmed its holdings in Guidewire Software, Inc. (NYSE:GWREGet Rating) by 2.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,706 shares of the technology company’s stock after selling 337 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Guidewire Software were worth $844,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Charter Oak Capital Management LLC bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $39,000. Urban Wealth Management LLC purchased a new position in shares of Guidewire Software in the second quarter worth $57,000. NuWave Investment Management LLC purchased a new position in shares of Guidewire Software in the third quarter worth $59,000. Covestor Ltd increased its stake in shares of Guidewire Software by 1,302.8% in the first quarter. Covestor Ltd now owns 996 shares of the technology company’s stock worth $94,000 after buying an additional 925 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Guidewire Software by 37.3% in the third quarter. Fifth Third Bancorp now owns 1,098 shares of the technology company’s stock worth $68,000 after buying an additional 298 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Guidewire Software in a research note on Thursday, December 1st. They issued an “overweight” rating and a $78.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Guidewire Software from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 7th. Citigroup decreased their target price on shares of Guidewire Software from $79.00 to $67.00 in a research note on Wednesday, December 7th. StockNews.com initiated coverage on shares of Guidewire Software in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, DA Davidson reduced their price objective on shares of Guidewire Software from $96.00 to $90.00 in a research report on Thursday, December 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Hold” and an average target price of $82.00.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 7,960 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $61.40, for a total transaction of $488,744.00. Following the sale, the chief executive officer now owns 195,755 shares in the company, valued at approximately $12,019,357. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Michael George Rosenbaum sold 7,960 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $61.40, for a total value of $488,744.00. Following the transaction, the chief executive officer now owns 195,755 shares in the company, valued at approximately $12,019,357. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Priscilla Hung sold 9,547 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total transaction of $668,290.00. Following the completion of the transaction, the chief operating officer now owns 57,915 shares in the company, valued at approximately $4,054,050. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,063 shares of company stock worth $1,436,772. Corporate insiders own 0.17% of the company’s stock.

Guidewire Software Stock Down 0.6 %

Shares of Guidewire Software stock opened at $68.21 on Friday. Guidewire Software, Inc. has a 12-month low of $52.08 and a 12-month high of $104.48. The company has a market cap of $5.58 billion, a P/E ratio of -28.66 and a beta of 1.20. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $62.02 and its two-hundred day simple moving average is $65.80.

Guidewire Software (NYSE:GWREGet Rating) last announced its earnings results on Tuesday, December 6th. The technology company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.13. Guidewire Software had a negative net margin of 23.57% and a negative return on equity of 10.64%. The firm had revenue of $195.28 million for the quarter, compared to analysts’ expectations of $190.49 million. Research analysts anticipate that Guidewire Software, Inc. will post -1.51 EPS for the current year.

About Guidewire Software

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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.

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

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