Strs Ohio Sells 32,003 Shares of Guidewire Software, Inc. $GWRE

Strs Ohio lessened its position in Guidewire Software, Inc. (NYSE:GWRE) by 94.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,030 shares of the technology company’s stock after selling 32,003 shares during the period. Strs Ohio’s holdings in Guidewire Software were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the third quarter valued at approximately $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $36,000. Harbour Investments Inc. boosted its stake in shares of Guidewire Software by 83.0% during the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock worth $50,000 after acquiring an additional 112 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $76,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. BTIG Research restated a “buy” rating and set a $175.00 target price on shares of Guidewire Software in a research note on Thursday, July 2nd. DA Davidson decreased their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Oppenheimer lowered their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Royal Bank Of Canada reduced their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.36.

Guidewire Software Stock Performance

NYSE:GWRE traded up $1.40 during mid-day trading on Friday, reaching $136.45. 1,136,677 shares of the company’s stock were exchanged, compared to its average volume of 1,746,988. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The business’s fifty day simple moving average is $131.21 and its two-hundred day simple moving average is $145.94. The firm has a market capitalization of $11.36 billion, a PE ratio of 73.76 and a beta of 0.95.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was up 26.9% compared to the same quarter last year. Analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James Winston King sold 1,684 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider owned 30,018 shares in the company, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the transaction, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,393 shares of company stock worth $3,936,918 in the last quarter. Insiders own 0.46% of the company’s stock.

Guidewire Software Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.