American Century Companies Inc. decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 909,557 shares of the technology company’s stock after selling 31,361 shares during the period. American Century Companies Inc. owned 1.21% of Guidewire Software worth $70,818,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of GWRE. D.A. Davidson & CO. lifted its holdings in shares of Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after acquiring an additional 1,476 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after buying an additional 283 shares in the last quarter. First Trust Advisors LP acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $214,000. Finally, ETF Managers Group LLC acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $215,000.
In related news, Director Craig Conway sold 600 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total value of $42,198.00. Following the completion of the transaction, the director now owns 9,747 shares in the company, valued at approximately $685,506.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Roza sold 781 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total transaction of $54,927.73. Following the completion of the transaction, the insider now owns 998 shares of the company’s stock, valued at approximately $70,189.34. The disclosure for this sale can be found here. Insiders sold 114,402 shares of company stock worth $8,868,594 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet downgraded shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of Guidewire Software in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.11.
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Guidewire Software, Inc. (GWRE) opened at $80.31 on Friday. The firm has a market cap of $6,051.92, a P/E ratio of 191.21, a price-to-earnings-growth ratio of 16.81 and a beta of 1.23. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $83.47.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The business had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. research analysts predict that Guidewire Software, Inc. will post 0.21 EPS for the current fiscal year.
Guidewire Software Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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