Segall Bryant & Hamill LLC lessened its position in Guidewire Software, Inc. (NYSE:GWRE) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,104 shares of the technology company’s stock after selling 62,596 shares during the quarter. Guidewire Software accounts for approximately 1.3% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 15th largest holding. Segall Bryant & Hamill LLC owned about 0.94% of Guidewire Software worth $55,133,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its stake in shares of Guidewire Software by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock valued at $406,000 after buying an additional 63 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Guidewire Software by 1.0% during the second quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock worth $562,000 after purchasing an additional 78 shares during the period. The Manufacturers Life Insurance Company boosted its holdings 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 during the period. Aperio Group LLC boosted its holdings in shares of Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Guidewire Software by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after purchasing an additional 283 shares during the period.
GWRE has been the subject of a number of analyst reports. KeyCorp reiterated a “buy” rating and set a $75.00 target price on shares of Guidewire Software in a report on Friday, August 25th. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 target price on shares of Guidewire Software in a report on Sunday, August 27th. Citigroup reiterated a “buy” rating and set a $85.00 target price (up from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. Finally, Bank of America raised their price objective on shares of Guidewire Software from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $80.11.
In other news, insider Ali Kheirolomoom sold 2,047 shares of Guidewire Software stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $77.06, for a total transaction of $157,741.82. Following the transaction, the insider now owns 1,941 shares in the company, valued at approximately $149,573.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $77.40, for a total transaction of $29,025.00. The disclosure for this sale can be found here. Insiders have sold 114,179 shares of company stock valued at $8,805,151 in the last three months. 0.69% of the stock is owned by insiders.
Shares of Guidewire Software, Inc. (NYSE:GWRE) traded up $0.87 on Thursday, hitting $71.32. 585,700 shares of the company traded hands, compared to its average volume of 468,370. The company has a market capitalization of $5,309.26, a P/E ratio of 176.13, a P/E/G ratio of 79.95 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $49.18 and a 12 month high of $83.52.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ 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%. Guidewire Software’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. equities research analysts anticipate that Guidewire Software, Inc. will post 0.06 EPS for the current year.
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Guidewire Software Company 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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