Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,882 shares of the technology company’s stock after selling 189 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Guidewire Software were worth $920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gotham Asset Management LLC raised its position in Guidewire Software by 253.3% during the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock valued at $1,126,000 after buying an additional 8,970 shares during the period. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock worth $724,092,000 after purchasing an additional 38,954 shares in the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Guidewire Software by 11.1% during the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after purchasing an additional 3,355 shares during the period. Teca Partners LP boosted its holdings in shares of Guidewire Software by 31.1% during the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock worth $21,328,000 after purchasing an additional 46,453 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Guidewire Software during the fourth quarter valued at approximately $204,000.

Guidewire Software Stock Performance

Guidewire Software stock traded up $1.50 during mid-day trading on Wednesday, hitting $140.30. 76,252 shares of the company’s stock were exchanged, compared to its average volume of 629,496. Guidewire Software, Inc. has a fifty-two week low of $74.03 and a fifty-two week high of $140.55. The company’s 50 day simple moving average is $124.07 and its 200-day simple moving average is $117.06.

Guidewire Software (NYSE:GWRE) last announced 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%. On average, research analysts predict that Guidewire Software, Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of several recent research reports. Citigroup raised their price objective on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. raised 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. Bank of America boosted their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Robert W. Baird increased their price objective on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upped their price objective on shares of Guidewire Software from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.08.

Insider Buying and Selling

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the company’s 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 owns 146,697 shares in the company, valued at $18,067,202.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,064 shares of company stock worth $1,710,361. 0.38% of the stock is owned by corporate 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.