SG Americas Securities LLC Has $663,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

SG Americas Securities LLC decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 81.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,625 shares of the technology company’s stock after selling 16,173 shares during the period. SG Americas Securities LLC’s holdings in Guidewire Software were worth $663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter valued at approximately $31,000. ORG Partners LLC bought a new position in Guidewire Software in the 1st quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in shares of Guidewire Software during the 4th quarter worth about $27,000. DT Investment Partners LLC acquired a new position in shares of Guidewire Software during the second quarter worth approximately $41,000. Finally, Lynx Investment Advisory acquired a new position in Guidewire Software during the 2nd quarter valued at $41,000.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $185.82 on Monday. The firm has a fifty day moving average of $161.87 and a two-hundred day moving average of $138.91. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of -1,429.38 and a beta of 1.19. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $187.85.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares in the company, valued at $8,328,600.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $8,984,892 over the last 90 days. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a report on Friday. Wells Fargo & Company increased their price target on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday. Finally, JMP Securities upped their price target on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $178.62.

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.