MQS Management LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 25.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the technology company’s stock after selling 696 shares during the period. MQS Management LLC’s holdings in Guidewire Software were worth $285,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $27,000. ORG Partners LLC acquired a new stake in Guidewire Software in the 1st quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new stake in Guidewire Software in the second quarter valued at approximately $31,000. Lynx Investment Advisory acquired a new position in Guidewire Software during the second quarter worth $41,000. Finally, DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the second quarter worth $41,000.
Guidewire Software Stock Performance
NYSE:GWRE opened at $174.54 on Friday. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $176.00. The stock has a market cap of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. The stock has a 50-day simple moving average of $151.15 and a 200-day simple moving average of $131.67.
Insider Buying and Selling
In other Guidewire Software news, insider James Winston King sold 4,514 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $8,984,892 in the last ninety days. 0.38% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on GWRE. Stifel Nicolaus boosted their price objective on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, September 6th. JMP Securities increased their target price on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $161.69.
About Guidewire Software
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.
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