Lyell Wealth Management LP Sells 2,600 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Lyell Wealth Management LP decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,890 shares of the technology company’s stock after selling 2,600 shares during the period. Lyell Wealth Management LP owned 0.07% of Guidewire Software worth $6,094,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GWRE. National Bank of Canada FI boosted its stake in shares of Guidewire Software by 13.7% in the third quarter. National Bank of Canada FI now owns 2,163 shares of the technology company’s stock worth $194,000 after acquiring an additional 260 shares during the period. CWM LLC lifted its position in shares of Guidewire Software by 43.6% in the third quarter. CWM LLC now owns 975 shares of the technology company’s stock worth $88,000 after buying an additional 296 shares in the last quarter. Oak Thistle LLC purchased a new stake in Guidewire Software during the third quarter valued at approximately $902,000. Asset Management One Co. Ltd. raised its position in Guidewire Software by 8.6% during the third quarter. Asset Management One Co. Ltd. now owns 77,151 shares of the technology company’s stock valued at $6,961,000 after purchasing an additional 6,098 shares during the period. Finally, Xponance Inc. raised its position in Guidewire Software by 15.5% during the third quarter. Xponance Inc. now owns 3,248 shares of the technology company’s stock valued at $292,000 after purchasing an additional 435 shares during the period.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock worth $1,053,821 in the last 90 days. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Down 0.3 %

Shares of GWRE traded down $0.28 during midday trading on Wednesday, hitting $113.50. 377,289 shares of the company’s stock traded hands, compared to its average volume of 623,791. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The firm’s fifty day moving average is $115.16 and its 200-day moving average is $106.41. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -183.05 and a beta of 1.15.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GWRE. Raymond James began coverage on Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. Robert W. Baird upped their price objective on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Oppenheimer increased their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Guidewire Software 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.