Brown Advisory Inc. Sells 18,664 Shares of Guidewire Software, Inc. $GWRE

Brown Advisory Inc. trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,463 shares of the technology company’s stock after selling 18,664 shares during the period. Brown Advisory Inc.’s holdings in Guidewire Software were worth $44,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after buying an additional 116,726 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Guidewire Software by 18.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock worth $292,146,000 after buying an additional 202,064 shares during the period. Capital World Investors bought a new position in Guidewire Software in the fourth quarter valued at approximately $202,405,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Guidewire Software by 34.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock valued at $225,894,000 after purchasing an additional 251,280 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GWRE shares. Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada cut their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Oppenheimer decreased their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Finally, The Goldman Sachs Group lowered their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00. Following the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,200 shares of company stock worth $1,851,408 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Stock Down 2.1%

GWRE stock opened at $120.03 on Tuesday. The business has a 50 day moving average price of $136.87 and a two-hundred day moving average price of $156.66. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 64.88 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a twelve month low of $113.67 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.