Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 75.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 233 shares of the technology company’s stock after selling 735 shares during the period. Harbor Capital Advisors Inc.’s holdings in Guidewire Software were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Stockbridge Partners LLC raised its position in shares of Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock worth $451,602,000 after purchasing an additional 205,382 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after acquiring an additional 12,697 shares during the last quarter.

Guidewire Software Stock Up 1.0%

Shares of NYSE GWRE opened at $253.17 on Monday. The company has a 50 day simple moving average of $211.75 and a 200-day simple moving average of $197.24. The company has a market capitalization of $21.32 billion, a P/E ratio of 703.25, a P/E/G ratio of 37.21 and a beta of 1.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $131.82 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the transaction, the chief financial officer now owns 71,538 shares of the company’s stock, valued at $13,550,012.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the transaction, the chief executive officer now directly owns 245,993 shares of the company’s stock, valued at $63,097,204.50. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,423 shares of company stock worth $4,991,170. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JMP Securities raised their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Bank of America raised their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 4th. Oppenheimer raised their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, Citigroup raised their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $247.00.

Guidewire Software Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as 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.