Great West Life Assurance Co. Can raised its position in Guidewire Software, Inc. (NYSE:GWRE) by 1,685.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,823 shares of the technology company’s stock after acquiring an additional 123,495 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.17% of Guidewire Software worth $10,158,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of GWRE. D.A. Davidson & CO. grew its position in shares of Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,476 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after buying an additional 794 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $174,000 after buying an additional 283 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Guidewire Software during the 3rd quarter valued at approximately $200,000.
Shares of Guidewire Software, Inc. (GWRE) traded down $2.68 during midday trading on Tuesday, reaching $70.47. The company’s stock had a trading volume of 1,625,400 shares, compared to its average volume of 465,372. The company has a market cap of $5,370.00, a price-to-earnings ratio of 182.88, a PEG ratio of 36.19 and a beta of 1.17. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $83.52.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. research analysts expect that Guidewire Software, Inc. will post 0.13 EPS for the current year.
Several equities research analysts have recently issued reports on GWRE shares. KeyCorp reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Guidewire Software in a research note on Friday, September 29th. Stifel Nicolaus raised their price objective on Guidewire Software from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, October 24th. Deutsche Bank reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Guidewire Software in a research note on Thursday, November 30th. Finally, BidaskClub raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Guidewire Software has a consensus rating of “Buy” and a consensus price target of $80.11.
In related news, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $78.20, for a total transaction of $46,920.00. Following the transaction, the director now directly owns 9,447 shares in the company, valued at approximately $738,755.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott Roza sold 782 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $78.20, for a total value of $61,152.40. Following the transaction, the insider now owns 7,127 shares in the company, valued at $557,331.40. The disclosure for this sale can be found here. Insiders sold a total of 88,017 shares of company stock worth $6,887,630 over the last quarter. Company insiders own 0.69% of the company’s stock.
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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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