Independent Advisor Alliance Sells 88 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Independent Advisor Alliance lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,438 shares of the technology company’s stock after selling 88 shares during the period. Independent Advisor Alliance’s holdings in Guidewire Software were worth $3,080,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Aigen Investment Management LP bought a new position in shares of Guidewire Software in the first quarter valued at approximately $978,000. Entropy Technologies LP bought a new position in Guidewire Software in the 1st quarter worth approximately $391,000. Invesco Ltd. raised its position in Guidewire Software by 70.4% in the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock worth $267,382,000 after purchasing an additional 589,424 shares during the last quarter. Townsquare Capital LLC raised its position in Guidewire Software by 181.8% in the 1st quarter. Townsquare Capital LLC now owns 19,438 shares of the technology company’s stock worth $3,642,000 after purchasing an additional 12,540 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Guidewire Software in the 1st quarter worth approximately $208,000.

Analyst Ratings Changes

Several research analysts recently weighed in on GWRE shares. Citigroup boosted their price objective on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Wall Street Zen upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Oppenheimer boosted their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.92.

Guidewire Software Price Performance

GWRE opened at $209.03 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a 12 month low of $142.94 and a 12 month high of $263.20. The company has a fifty day simple moving average of $232.42 and a 200 day simple moving average of $211.54. The stock has a market cap of $17.60 billion, a P/E ratio of 522.58, a P/E/G ratio of 15.04 and a beta of 1.16.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business had revenue of $293.51 million during the quarter, compared to analysts’ expectations of $286.40 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $212.44, for a total value of $297,416.00. Following the completion of the sale, the chief executive officer owned 227,468 shares in the company, valued at $48,323,301.92. This represents a 0.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president owned 143,489 shares of the company’s stock, valued at approximately $32,038,223.92. This represents a 2.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,742 shares of company stock worth $5,870,207 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

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.