Inspire Investing LLC Lowers Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Inspire Investing LLC decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 17.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,531 shares of the technology company’s stock after selling 537 shares during the quarter. Inspire Investing LLC’s holdings in Guidewire Software were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after purchasing an additional 67,439 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Guidewire Software by 4.2% in the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Guidewire Software by 5.4% during the 1st quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock worth $145,236,000 after purchasing an additional 64,149 shares during the last quarter.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $173.89 on Tuesday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of -1,337.62 and a beta of 1.18. The business has a 50-day moving average of $151.80 and a 200 day moving average of $132.31. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $176.00.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was 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 approximately $8,328,600.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $8,984,892 in the last quarter. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. Oppenheimer lifted their price objective on Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Robert W. Baird upped their target price on Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. BTIG Research lifted their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.