Linscomb Wealth Inc. Trims Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Linscomb Wealth Inc. lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 4.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,115 shares of the technology company’s stock after selling 205 shares during the period. Linscomb Wealth Inc.’s holdings in Guidewire Software were worth $480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Partners Capital Investment Group LLP raised its stake in Guidewire Software by 2.9% during the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares in the last quarter. Greenwich Wealth Management LLC raised its stake in Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after buying an additional 101 shares in the last quarter. Lindbrook Capital LLC raised its stake in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after buying an additional 132 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Guidewire Software by 8.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after buying an additional 142 shares in the last quarter. Finally, CWM LLC raised its stake in Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after buying an additional 179 shares in the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. BTIG Research increased their price target on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Oppenheimer increased their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Stifel Nicolaus increased their price target on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Citigroup increased their price target on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.31.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $3.41 during midday trading on Friday, hitting $148.01. 894,917 shares of the stock were exchanged, compared to its average volume of 583,558. Guidewire Software, Inc. has a 52-week low of $78.05 and a 52-week high of $148.36. The business’s fifty day simple moving average is $133.20 and its two-hundred day simple moving average is $121.28. The company has a market capitalization of $12.23 billion, a PE ratio of -1,138.54 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. As a group, equities analysts anticipate that Guidewire Software, Inc. will post -0.31 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the sale, the chief financial officer now directly owns 63,479 shares of the company’s stock, valued at $8,540,464.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the sale, the chief financial officer now directly owns 63,479 shares in the company, valued at $8,540,464.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,064 shares of company stock valued at $1,747,850. 0.38% of the stock is owned by 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.