Dimensional Fund Advisors LP Sells 1,892 Shares of Guidewire Software Inc (GWRE)

Dimensional Fund Advisors LP decreased its position in Guidewire Software Inc (NYSE:GWRE) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,642 shares of the technology company’s stock after selling 1,892 shares during the quarter. Dimensional Fund Advisors LP owned 0.28% of Guidewire Software worth $20,298,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GWRE. Atlantic Trust Group LLC grew its position in Guidewire Software by 75.8% in the first quarter. Atlantic Trust Group LLC now owns 895,968 shares of the technology company’s stock valued at $72,421,000 after acquiring an additional 386,253 shares in the last quarter. First Trust Advisors LP grew its position in Guidewire Software by 182.8% in the second quarter. First Trust Advisors LP now owns 344,859 shares of the technology company’s stock valued at $30,617,000 after acquiring an additional 222,914 shares in the last quarter. Jennison Associates LLC grew its position in Guidewire Software by 30.1% in the second quarter. Jennison Associates LLC now owns 862,208 shares of the technology company’s stock valued at $76,547,000 after acquiring an additional 199,367 shares in the last quarter. Wasatch Advisors Inc. grew its position in Guidewire Software by 17.4% in the second quarter. Wasatch Advisors Inc. now owns 852,371 shares of the technology company’s stock valued at $75,673,000 after acquiring an additional 126,491 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Guidewire Software in the first quarter valued at approximately $7,646,000.

In related news, CEO Marcus Ryu sold 20,822 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $100.34, for a total transaction of $2,089,279.48. Following the transaction, the chief executive officer now directly owns 21,098 shares in the company, valued at $2,116,973.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven P. Sherry sold 5,446 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $103.82, for a total value of $565,403.72. Following the transaction, the insider now owns 6,868 shares in the company, valued at $713,035.76. The disclosure for this sale can be found here. Insiders have sold 88,630 shares of company stock valued at $8,733,135 in the last three months. Corporate insiders own 0.69% of the company’s stock.

GWRE has been the subject of several recent research reports. TheStreet raised shares of Guidewire Software from a “c” rating to a “b-” rating in a research report on Thursday, September 6th. Guggenheim began coverage on shares of Guidewire Software in a research report on Tuesday, August 7th. They set a “buy” rating and a $115.00 price target for the company. Deutsche Bank raised their price target on shares of Guidewire Software to $110.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. DA Davidson raised their price target on shares of Guidewire Software to $118.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Guidewire Software has an average rating of “Buy” and a consensus target price of $109.90.

GWRE stock opened at $88.78 on Friday. Guidewire Software Inc has a twelve month low of $70.06 and a twelve month high of $107.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.43 and a quick ratio of 5.43. The company has a market cap of $8.14 billion, a PE ratio of 986.44, a P/E/G ratio of 49.51 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The business had revenue of $248.60 million during the quarter, compared to the consensus estimate of $238.86 million. During the same quarter last year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. On average, analysts anticipate that Guidewire Software Inc will post 0.26 EPS for the current year.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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