Motley Fool Wealth Management LLC Sells 910 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Wealth Management LLC lessened its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,864 shares of the technology company’s stock after selling 910 shares during the period. Motley Fool Wealth Management LLC’s holdings in Guidewire Software were worth $10,586,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the 3rd quarter worth $33,000. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software during the second quarter worth $31,000. Brooklyn Investment Group bought a new stake in Guidewire Software in the third quarter valued at about $42,000. Finally, DT Investment Partners LLC acquired a new position in Guidewire Software in the second quarter valued at about $41,000.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $204.07 on Wednesday. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $207.10. The firm has a market cap of $17.04 billion, a PE ratio of -2,550.49, a P/E/G ratio of 51.96 and a beta of 1.18. The business’s 50 day simple moving average is $190.39 and its 200 day simple moving average is $159.53.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities boosted their price target on shares of Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Citigroup lifted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $186.08.

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.