Wasatch Advisors Inc. boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 69.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,806 shares of the technology company’s stock after buying an additional 284,762 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.92% of Guidewire Software worth $53,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after buying an additional 96,478 shares during the last quarter. BlackRock Inc. raised its stake in Guidewire Software by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after purchasing an additional 103,707 shares during the period. Janus Henderson Group PLC bought a new stake in Guidewire Software during the 2nd quarter valued at approximately $113,628,000. Blair William & Co. IL raised its stake in Guidewire Software by 2.7% during the 2nd quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock valued at $77,941,000 after purchasing an additional 29,439 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Guidewire Software by 7.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,089,847 shares of the technology company’s stock worth $74,883,000 after acquiring an additional 77,663 shares during the last quarter.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Citigroup reissued a “buy” rating and issued a $85.00 price target (up from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a research report on Wednesday, September 6th. Deutsche Bank reaffirmed a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Finally, BidaskClub downgraded Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.11.
In related news, insider Scott Roza sold 782 shares of the business’s stock in a transaction dated 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 approximately $557,331.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Guy Dubois sold 1,026 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $74.15, for a total value of $76,077.90. Following the completion of the transaction, the director now owns 10,113 shares in the company, valued at approximately $749,878.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,179 shares of company stock valued at $8,805,151. Company insiders own 0.69% of the company’s stock.
Shares of Guidewire Software, Inc. (NYSE GWRE) traded up $1.41 during trading on Thursday, reaching $72.73. The company had a trading volume of 741,399 shares, compared to its average volume of 469,527. The stock has a market capitalization of $5,309.26, a price-to-earnings ratio of 176.13, a price-to-earnings-growth ratio of 79.95 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $83.52.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. equities research analysts expect 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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