Brown Brothers Harriman & Co. Has $155.52 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Brown Brothers Harriman & Co. decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 850,092 shares of the technology company’s stock after selling 120,881 shares during the quarter. Guidewire Software makes up approximately 1.1% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 27th largest holding. Brown Brothers Harriman & Co. owned 1.02% of Guidewire Software worth $155,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GWRE. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at about $31,000. DT Investment Partners LLC bought a new position in shares of Guidewire Software in the second quarter worth about $41,000. Lynx Investment Advisory acquired a new position in shares of Guidewire Software during the 2nd quarter worth about $41,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the period.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by insiders.

Guidewire Software Price Performance

Shares of GWRE opened at $202.82 on Monday. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $202.99. The stock has a 50 day simple moving average of $186.35 and a 200-day simple moving average of $155.43.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of several recent analyst reports. JMP Securities lifted their price target on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday, October 11th. Oppenheimer boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. BTIG Research raised their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price objective on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $183.69.

About Guidewire Software

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.