National Bank of Canada FI Sells 668 Shares of Guidewire Software, Inc. (NYSE:GWRE)

National Bank of Canada FI trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 31.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,489 shares of the technology company’s stock after selling 668 shares during the period. National Bank of Canada FI’s holdings in Guidewire Software were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after buying an additional 67,439 shares during the last quarter. Wasatch Advisors LP increased its holdings in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after buying an additional 115,600 shares during the last quarter. Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares during the last quarter. Blair William & Co. IL increased its holdings in Guidewire Software by 5.4% during the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock worth $145,236,000 after buying an additional 64,149 shares during the last quarter. Finally, Norges Bank acquired a new position in Guidewire Software during the fourth quarter worth $97,829,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GWRE shares. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Citigroup upped their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. BTIG Research upped their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, 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 report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.69.

Guidewire Software Stock Performance

GWRE stock opened at $171.81 on Friday. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $171.95. The company’s 50-day simple moving average is $147.64 and its 200 day simple moving average is $129.79. The company has a market capitalization of $14.20 billion, a PE ratio of -1,321.51 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 1.32%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the sale, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the transaction, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The disclosure for this sale can be found here. Insiders sold 13,064 shares of company stock valued at $1,782,775 over the last quarter. 0.38% of the stock is owned by company insiders.

Guidewire Software Company 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.