Guidewire Software (GWRE) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. reduced its stake in shares of Guidewire Software (NYSE:GWRE) by 1.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,114,208 shares of the technology company’s stock after selling 12,693 shares during the period. Eagle Asset Management Inc.’s holdings in Guidewire Software were worth $90,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GWRE. Teachers Retirement System of The State of Kentucky lifted its stake in Guidewire Software by 7.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 44,984 shares of the technology company’s stock worth $3,341,000 after purchasing an additional 2,948 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Guidewire Software by 4.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock worth $55,167,000 after purchasing an additional 34,784 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Guidewire Software by 41.8% in the fourth quarter. Pinebridge Investments L.P. now owns 53,011 shares of the technology company’s stock worth $3,937,000 after purchasing an additional 15,625 shares during the last quarter. California Public Employees Retirement System lifted its stake in Guidewire Software by 20.2% in the fourth quarter. California Public Employees Retirement System now owns 119,291 shares of the technology company’s stock worth $8,859,000 after purchasing an additional 20,035 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Guidewire Software by 6.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 348,836 shares of the technology company’s stock worth $25,905,000 after purchasing an additional 21,742 shares during the last quarter.

In related news, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $86.52, for a total transaction of $34,608.00. Following the transaction, the director now owns 10,193 shares in the company, valued at $881,898.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marcus Ryu sold 19,568 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $79.78, for a total transaction of $1,561,135.04. The disclosure for this sale can be found here. Insiders have sold 72,831 shares of company stock worth $5,940,771 in the last quarter. 0.69% of the stock is owned by corporate insiders.

Shares of Guidewire Software opened at $92.81 on Friday, MarketBeat reports. The stock has a market cap of $6.91 billion, a PE ratio of 286.72 and a beta of 1.04. Guidewire Software has a 12 month low of $90.80 and a 12 month high of $91.93.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.19 by $0.14. The firm had revenue of $163.80 million during the quarter, compared to the consensus estimate of $154.34 million. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. sell-side analysts predict that Guidewire Software will post -0.01 EPS for the current year.

Several research firms have weighed in on GWRE. KeyCorp reissued a “buy” rating and issued a $91.00 price target on shares of Guidewire Software in a research note on Wednesday, March 7th. Piper Jaffray reissued an “overweight” rating on shares of Guidewire Software in a research note on Wednesday, March 14th. DA Davidson set a $100.00 price objective on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, March 8th. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $78.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $85.44.

Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

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

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