Dimensional Fund Advisors LP Sells 1,892 Shares of Guidewire Software Inc (GWRE)

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Dimensional Fund Advisors LP trimmed its stake in Guidewire Software Inc (NYSE:GWRE) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 228,642 shares of the technology company’s stock after selling 1,892 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Guidewire Software were worth $20,298,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. TLP Group LLC bought a new stake in Guidewire Software in the first quarter valued at $197,000. Verition Fund Management LLC bought a new stake in Guidewire Software in the first quarter valued at $221,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Guidewire Software by 26.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,709 shares of the technology company’s stock valued at $240,000 after buying an additional 569 shares during the last quarter. World Asset Management Inc bought a new stake in Guidewire Software in the second quarter valued at $251,000. Finally, Alps Advisors Inc. bought a new stake in Guidewire Software in the second quarter valued at $302,000.

GWRE has been the topic of a number of recent research reports. TheStreet upgraded Guidewire Software from a “c” rating to a “b-” rating in a research note on Thursday, September 6th. Guggenheim initiated coverage on shares of Guidewire Software in a research note on Tuesday, August 7th. They set a “buy” rating and a $115.00 price objective on the stock. Deutsche Bank lifted their price objective on shares of Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. DA Davidson lifted their price objective on shares of Guidewire Software to $118.00 and gave the company a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Guidewire Software has a consensus rating of “Buy” and an average target price of $109.90.

In related news, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $95.28, for a total transaction of $38,112.00. Following the transaction, the director now directly owns 9,393 shares of the company’s stock, valued at $894,965.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marcus Ryu sold 20,822 shares of Guidewire Software stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $100.34, for a total value of $2,089,279.48. Following the transaction, the chief executive officer now directly owns 21,098 shares in the company, valued at $2,116,973.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,630 shares of company stock worth $8,733,135. Company insiders own 0.69% of the company’s stock.

Shares of NYSE GWRE opened at $88.78 on Friday. Guidewire Software Inc has a fifty-two week low of $70.06 and a fifty-two week high of $107.79. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.14 billion, a P/E ratio of 986.44, a P/E/G ratio of 49.51 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The business had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $238.86 million. During the same period in the previous year, the business earned $0.59 earnings per share. The company’s revenue was up 37.3% on a year-over-year basis. As a group, analysts predict that Guidewire Software Inc will post 0.26 earnings per share for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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