Tompkins Financial Corp lowered its holdings in shares of Guidewire Software Inc (NYSE:GWRE) by 25.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257 shares of the technology company’s stock after selling 88 shares during the quarter. Tompkins Financial Corp’s holdings in Guidewire Software were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. APG Asset Management N.V. raised its stake in shares of Guidewire Software by 80.6% during the 1st quarter. APG Asset Management N.V. now owns 102,776 shares of the technology company’s stock worth $8,151,000 after buying an additional 45,876 shares during the period. Alliancebernstein L.P. raised its position in Guidewire Software by 2.7% during the fourth quarter. Alliancebernstein L.P. now owns 50,141 shares of the technology company’s stock worth $5,504,000 after acquiring an additional 1,303 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Guidewire Software by 25.3% in the second quarter. Envestnet Asset Management Inc. now owns 144,023 shares of the technology company’s stock valued at $15,965,000 after purchasing an additional 29,120 shares during the period. Norges Bank acquired a new position in shares of Guidewire Software during the 4th quarter worth about $64,292,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Guidewire Software by 10.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,204 shares of the technology company’s stock valued at $1,285,000 after acquiring an additional 1,485 shares during the last quarter.

A number of research analysts have weighed in on the company. Guggenheim lowered Guidewire Software from a “buy” rating to a “neutral” rating in a report on Friday, April 17th. Needham & Company LLC boosted their price target on shares of Guidewire Software from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Goldman Sachs Group increased their price objective on shares of Guidewire Software from $128.00 to $129.00 in a report on Monday, June 29th. Robert W. Baird cut Guidewire Software from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $97.00 in a report on Wednesday, April 29th. Finally, ValuEngine cut Guidewire Software from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Guidewire Software has an average rating of “Hold” and a consensus target price of $116.09.

In related news, CFO Jeffrey Elliott Cooper sold 391 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $106.44, for a total value of $41,618.04. Following the sale, the chief financial officer now owns 1,116 shares of the company’s stock, valued at $118,787.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marcus Ryu sold 12,500 shares of Guidewire Software stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $95.80, for a total transaction of $1,197,500.00. Following the completion of the transaction, the director now owns 16,647 shares of the company’s stock, valued at approximately $1,594,782.60. The disclosure for this sale can be found here. Insiders sold a total of 62,392 shares of company stock valued at $6,681,886 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

NYSE:GWRE opened at $117.66 on Friday. Guidewire Software Inc has a fifty-two week low of $71.64 and a fifty-two week high of $124.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 6.93 and a current ratio of 6.93. The company has a 50 day moving average price of $112.43 and a 200 day moving average price of $102.33. The stock has a market capitalization of $9.79 billion, a P/E ratio of -230.71 and a beta of 1.29.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. The firm had revenue of $168.17 million for the quarter, compared to the consensus estimate of $151.49 million. Guidewire Software had a positive return on equity of 0.02% and a negative net margin of 6.08%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. Research analysts forecast that Guidewire Software Inc will post -0.13 earnings per share for the current fiscal year.

Guidewire Software Company Profile

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.

Further Reading: Gross Domestic Product (GDP)

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

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