Emerald Advisers Inc. PA lowered its holdings in Guidewire Software Inc (NYSE:GWRE) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,842 shares of the technology company’s stock after selling 1,860 shares during the period. Emerald Advisers Inc. PA owned about 0.31% of Guidewire Software worth $17,439,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Guidewire Software by 51.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock worth $6,079,000 after purchasing an additional 30,089 shares in the last quarter. First Trust Advisors LP increased its stake in Guidewire Software by 3,290.9% in the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock worth $8,237,000 after acquiring an additional 102,677 shares during the last quarter. Koch Industries Inc. bought a new position in Guidewire Software in the 2nd quarter worth about $304,000. California Public Employees Retirement System increased its stake in Guidewire Software by 12.3% in the 3rd quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock worth $7,728,000 after acquiring an additional 10,856 shares during the last quarter. Finally, Sit Investment Associates Inc. bought a new position in Guidewire Software in the 4th quarter worth about $2,230,000.
A number of equities analysts have weighed in on GWRE shares. Zacks Investment Research lowered Guidewire Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Deutsche Bank reiterated a “buy” rating and set a $85.00 price objective on shares of Guidewire Software in a research report on Thursday, November 30th. Citigroup set a $85.00 price objective on Guidewire Software and gave the company a “buy” rating in a research report on Thursday, November 30th. TheStreet cut Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, DA Davidson began coverage on Guidewire Software in a report on Friday, February 2nd. They set a “buy” rating and a $92.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and a consensus price target of $81.30.
Guidewire Software Inc (NYSE:GWRE) traded up $2.47 on Wednesday, hitting $79.73. The stock had a trading volume of 283,899 shares, compared to its average volume of 481,744. Guidewire Software Inc has a 52 week low of $54.34 and a 52 week high of $83.52. The stock has a market cap of $5,847.35, a PE ratio of 290.85, a PEG ratio of 131.79 and a beta of 1.13.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data 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 company 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 firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. equities analysts expect that Guidewire Software Inc will post 0.05 EPS for the current fiscal year.
In related news, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $79.07, for a total value of $1,581,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction on Monday, February 5th. The stock was sold at an average price of $77.39, for a total value of $29,021.25. Following the completion of the sale, the chief financial officer now directly owns 3,819 shares of the company’s stock, valued at approximately $295,552.41. The disclosure for this sale can be found here. In the last three months, insiders sold 98,100 shares of company stock valued at $7,343,140. Corporate 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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