Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by LMR Partners LLP

LMR Partners LLP cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,800 shares of the technology company’s stock after selling 34,200 shares during the period. LMR Partners LLP’s holdings in Guidewire Software were worth $14,782,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $31,000. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software during the second quarter valued at approximately $41,000. DT Investment Partners LLC purchased a new stake in shares of Guidewire Software in the second quarter worth $41,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Guidewire Software in the second quarter worth about $55,000.

Guidewire Software Trading Down 1.6 %

Shares of Guidewire Software stock opened at $192.22 on Monday. Guidewire Software, Inc. has a 12 month low of $94.97 and a 12 month high of $199.33. The company has a market capitalization of $16.05 billion, a PE ratio of -2,402.45, a PEG ratio of 49.72 and a beta of 1.18. The stock’s fifty day simple moving average is $183.45 and its 200 day simple moving average is $152.52.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,601 shares of company stock valued at $9,050,448. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GWRE shares. JMP Securities upped their target price on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday, October 11th. Wells Fargo & Company increased their price target on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. DA Davidson reaffirmed a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Finally, Stifel Nicolaus increased their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

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.