Yarbrough Capital LLC Sells 4,810 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Yarbrough Capital LLC trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE) by 64.0% in the first quarter, HoldingsChannel reports. The firm owned 2,709 shares of the technology company’s stock after selling 4,810 shares during the period. Yarbrough Capital LLC’s holdings in Guidewire Software were worth $508,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Guidewire Software by 1.1% in the fourth 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 period. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% in the fourth 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 period. Stockbridge Partners LLC grew its holdings in Guidewire Software by 8.3% in the fourth 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 period. Artisan Partners Limited Partnership grew its holdings in Guidewire Software by 26.1% in the fourth 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 period. Finally, Geode Capital Management LLC grew its holdings in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after purchasing an additional 12,697 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson reiterated a “neutral” rating and set a $226.00 price objective on shares of Guidewire Software in a report on Wednesday. JMP Securities lifted their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the company a “market outperform” rating in a report on Wednesday. Oppenheimer lifted their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $247.00.

Guidewire Software Trading Down 0.3%

Shares of GWRE stock opened at $255.36 on Friday. Guidewire Software, Inc. has a 52-week low of $129.90 and a 52-week high of $263.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a 50-day simple moving average of $204.44 and a two-hundred day simple moving average of $195.52. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 709.34, a PEG ratio of 37.21 and a beta of 1.15.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.41. The business had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $215.25, for a total value of $301,350.00. Following the transaction, the chief executive officer now directly owns 250,193 shares in the company, valued at $53,854,043.25. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President John P. Mullen sold 6,116 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,671 shares of company stock worth $5,471,104 over the last three months. 0.48% of the stock is currently owned by insiders.

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.