SG Americas Securities LLC Has $383,000 Holdings in Guidewire Software, Inc. (NYSE:GWRE)

SG Americas Securities LLC cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 93.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,044 shares of the technology company’s stock after selling 26,956 shares during the period. SG Americas Securities LLC’s holdings in Guidewire Software were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GWRE. Ossiam acquired a new position in Guidewire Software during the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 99 shares during the last quarter. Finally, Colonial Trust Co SC increased its stake in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock valued at $48,000 after acquiring an additional 183 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the transaction, the chief executive officer now owns 245,993 shares in the company, valued at $63,097,204.50. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael C. Keller sold 860 shares of Guidewire Software stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $254.53, for a total value of $218,895.80. Following the completion of the transaction, the director now owns 11,410 shares in the company, valued at approximately $2,904,187.30. This represents a 7.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,160 shares of company stock worth $3,542,237 over the last 90 days. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

GWRE has been the subject of a number of research reports. JMP Securities increased their target price on Guidewire Software from $250.00 to $281.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $231.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Bank of America increased their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 4th. Oppenheimer increased their target price on Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, DA Davidson reissued a “neutral” rating and set a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $247.00.

Guidewire Software Stock Down 0.5%

Shares of NYSE GWRE opened at $237.27 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The stock has a market capitalization of $19.98 billion, a P/E ratio of 593.17, a PEG ratio of 23.42 and a beta of 1.15. The stock’s fifty day moving average is $219.62 and its 200 day moving average is $199.41.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company had revenue of $293.51 million for the quarter, compared to analysts’ expectations of $286.40 million. During the same quarter last year, the business earned $0.26 earnings per share. Guidewire Software’s revenue was up 22.0% on a year-over-year basis. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software Company 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.