Lyell Wealth Management LP Reduces Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Lyell Wealth Management LP lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,190 shares of the technology company's stock after selling 10,700 shares during the period. Lyell Wealth Management LP owned 0.05% of Guidewire Software worth $8,267,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company's stock worth $283,000 after purchasing an additional 79 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock valued at $1,252,000 after buying an additional 116 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in Guidewire Software by 4.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company's stock worth $392,000 after buying an additional 130 shares during the period. Legacy Advisors LLC grew its stake in Guidewire Software by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company's stock valued at $1,148,000 after buying an additional 135 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Guidewire Software by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company's stock valued at $1,107,000 after buying an additional 139 shares in the last quarter.

Guidewire Software Price Performance

GWRE stock traded down $0.94 during midday trading on Friday, reaching $187.11. The company had a trading volume of 590,690 shares, compared to its average volume of 905,886. The firm has a 50-day moving average price of $170.57 and a 200-day moving average price of $143.82. The company has a market capitalization of $15.54 billion, a P/E ratio of -2,338.58, a P/E/G ratio of 48.42 and a beta of 1.19. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $191.48.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird increased their target price on Guidewire Software from $175.00 to $204.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. BTIG Research lifted their target price on Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 30th. Stifel Nicolaus upped their price target on Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Finally, Oppenheimer restated an "outperform" rating and issued a $200.00 price objective (up from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at $35,773,872.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business's stock in a transaction 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 $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,601 shares of company stock worth $9,050,448. 0.38% of the stock is currently owned by corporate insiders.

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.