Russell Investments Group Ltd. trimmed its position in Guidewire Software Inc (NYSE:GWRE) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,542 shares of the technology company’s stock after selling 4,620 shares during the period. Russell Investments Group Ltd.’s holdings in Guidewire Software were worth $2,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GWRE. Janus Henderson Group PLC purchased a new stake in Guidewire Software in the second quarter worth $113,628,000. Wasatch Advisors Inc. purchased a new stake in Guidewire Software in the second quarter worth $28,037,000. Koch Industries Inc. bought a new stake in Guidewire Software in the second quarter worth $304,000. Fred Alger Management Inc. boosted its holdings in Guidewire Software by 74.0% in the second quarter. Fred Alger Management Inc. now owns 408,182 shares of the technology company’s stock worth $28,046,000 after acquiring an additional 173,627 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Guidewire Software by 1,266.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 181,800 shares of the technology company’s stock worth $12,491,000 after acquiring an additional 168,500 shares in the last quarter.

In other news, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $78.56, for a total transaction of $1,964,000.00. Following the transaction, the chief executive officer now directly owns 149,678 shares of the company’s stock, valued at $11,758,703.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Roza sold 782 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $78.51, for a total value of $61,394.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,128 shares of company stock worth $7,990,791. Corporate insiders own 0.69% of the company’s stock.

Shares of Guidewire Software Inc (NYSE:GWRE) opened at $73.76 on Thursday. Guidewire Software Inc has a 1-year low of $49.18 and a 1-year high of $83.52. The company has a market capitalization of $5,524.80, a price-to-earnings ratio of 183.27, a price-to-earnings-growth ratio of 83.20 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The business had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. equities analysts anticipate that Guidewire Software Inc will post 0.06 EPS for the current fiscal year.

Several research firms have commented on GWRE. KeyCorp reissued a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a report on Friday, September 29th. TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a report on Wednesday, September 6th. BidaskClub downgraded Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank reissued a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Guidewire Software in a report on Monday, October 2nd. Finally, Citigroup set a $85.00 target price on Guidewire Software and gave the stock a “buy” rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $80.11.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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