26,910 Guidewire Software, Inc. $GWRE Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC cut its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 197,462 shares of the technology company’s stock after selling 26,910 shares during the period. Conestoga Capital Advisors LLC’s holdings in Guidewire Software were worth $28,154,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after acquiring an additional 997,992 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Guidewire Software in the 1st quarter valued at about $6,087,000. PNC Financial Services Group Inc. increased its stake in shares of Guidewire Software by 168.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,719 shares of the technology company’s stock worth $2,800,000 after purchasing an additional 11,749 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Guidewire Software during the 2nd quarter worth about $25,462,000. Finally, Bamco Inc. NY bought a new stake in shares of Guidewire Software in the 2nd quarter valued at about $1,106,768,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. DA Davidson reissued a “buy” rating and set a $222.00 price target on shares of Guidewire Software in a research report on Friday, October 2nd. Citizens Jmp restated a “market outperform” rating and issued a $220.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. JPMorgan Chase & Co. cut their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, BTIG Research raised their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $216.23.

Guidewire Software Trading Up 5.9%

GWRE stock opened at $170.51 on Thursday. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $229.85. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 104.61 and a beta of 1.01. The company has a fifty day moving average price of $165.49 and a two-hundred day moving average price of $149.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current year.

Insider Transactions at Guidewire Software

In other news, CAO David Peterson sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $200.00, for a total transaction of $500,000.00. Following the completion of the sale, the chief accounting officer owned 9,787 shares in the company, valued at $1,957,400. The trade was a 20.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James King sold 11,814 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $144.47, for a total value of $1,706,768.58. Following the sale, the insider owned 45,939 shares of the company’s stock, valued at approximately $6,636,807.33. This represents a 20.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 209,135 shares of company stock worth $31,776,209. 0.46% of the stock is currently owned by insiders.

Guidewire Software Profile

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.