Atria Investments Inc Sells 407 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Atria Investments Inc trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,956 shares of the technology company’s stock after selling 407 shares during the period. Atria Investments Inc’s holdings in Guidewire Software were worth $1,273,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Guidewire Software during the first quarter worth about $417,000. Cetera Investment Advisers grew its stake in Guidewire Software by 648.0% during the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after buying an additional 15,695 shares in the last quarter. Acadian Asset Management LLC grew its stake in Guidewire Software by 91.3% during the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock worth $833,000 after buying an additional 3,409 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Guidewire Software by 8.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after buying an additional 165 shares in the last quarter. Finally, Xponance Inc. grew its stake in Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after buying an additional 3,066 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GWRE. Robert W. Baird raised their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. JMP Securities raised their price target on shares of Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.62.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares of the company’s stock, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s 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 sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,601 shares of company stock worth $9,050,448. 0.48% of the stock is currently owned by insiders.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $192.22 on Friday. The company has a 50 day simple moving average of $183.45 and a 200 day simple moving average of $152.23. The firm has a market cap of $16.05 billion, a PE ratio of -2,402.75, a price-to-earnings-growth ratio of 50.81 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $94.97 and a 1 year high of $199.33.

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

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.