Verdence Capital Advisors LLC Sells 184 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Verdence Capital Advisors LLC lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,956 shares of the technology company’s stock after selling 184 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Guidewire Software were worth $821,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Guidewire Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after purchasing an additional 67,439 shares during the period. Wasatch Advisors LP raised its holdings in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after acquiring an additional 115,600 shares during the period. Whale Rock Capital Management LLC lifted its position in shares of Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after acquiring an additional 240,622 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Guidewire Software by 5.4% in the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock worth $145,236,000 after acquiring an additional 64,149 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Guidewire Software in the fourth quarter valued at $105,311,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $405,907.18. Following the transaction, the chief financial officer now owns 63,479 shares in the company, valued at $8,540,464.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the sale, the chief executive officer now owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the completion of the sale, the chief financial officer now directly owns 63,479 shares in the company, valued at $8,540,464.66. The disclosure for this sale can be found here. Insiders sold 13,064 shares of company stock valued at $1,782,775 in the last quarter. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GWRE. The Goldman Sachs Group increased their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Citigroup boosted their price objective on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, June 4th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Bank of America raised their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. Finally, Robert W. Baird increased their price objective on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.54.

Guidewire Software Stock Performance

GWRE traded up $1.61 during midday trading on Monday, hitting $147.43. The stock had a trading volume of 619,119 shares, compared to its average volume of 630,389. Guidewire Software, Inc. has a 1 year low of $79.96 and a 1 year high of $153.85. The business has a fifty day moving average of $142.16 and a 200 day moving average of $126.04. The company has a market cap of $12.19 billion, a P/E ratio of -1,121.69 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.14. The company had revenue of $240.68 million during the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. On average, equities research analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

About Guidewire Software

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.