Conestoga Capital Advisors LLC Trims Stake in Guidewire Software Inc (NYSE:GWRE)

Conestoga Capital Advisors LLC lowered its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,840 shares of the technology company’s stock after selling 6,000 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Guidewire Software were worth $2,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Guidewire Software by 7.3% in 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 during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after purchasing an additional 794 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Guidewire Software by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 9,128 shares of the technology company’s stock worth $711,000 after purchasing an additional 950 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Guidewire Software by 10.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,007 shares of the technology company’s stock worth $856,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Granahan Investment Management Inc. MA lifted its stake in shares of Guidewire Software by 2.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 45,011 shares of the technology company’s stock worth $3,505,000 after purchasing an additional 1,055 shares during the last quarter.

A number of equities research analysts recently weighed in on GWRE shares. DA Davidson started coverage on Guidewire Software in a research note on Friday, February 2nd. They set a “buy” rating and a $92.00 price objective for the company. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, October 17th. Deutsche Bank reissued a “buy” rating and issued a $85.00 price objective on shares of Guidewire Software in a report on Thursday, November 30th. Finally, Citigroup set a $85.00 price objective on Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.30.

In other news, 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 $295,552.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction on Friday, December 1st. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 76,178 shares of the company’s stock, valued at $5,580,800.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,100 shares of company stock valued at $7,343,140. 0.69% of the stock is owned by insiders.

Guidewire Software Inc (NYSE:GWRE) traded up $2.41 during midday trading on Wednesday, hitting $79.67. The stock had a trading volume of 395,311 shares, compared to its average volume of 491,036. The stock has a market capitalization of $5,847.35, a P/E ratio of 295.07, a PEG ratio of 131.79 and a beta of 1.13. Guidewire Software Inc has a 1-year low of $54.34 and a 1-year high of $83.52.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ 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 company had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $100.61 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. research analysts forecast that Guidewire Software Inc will post 0.05 earnings per share for the current fiscal year.

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About Guidewire Software

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.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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