St. James Investment Company LLC acquired a new position in Guidewire Software Inc (NYSE:GWRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,645 shares of the technology company’s stock, valued at approximately $1,162,000.
Other large investors have also recently added to or reduced their stakes in the company. Archon Partners LLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $5,072,000. American Century Companies Inc. boosted its holdings in Guidewire Software by 9.9% in the fourth quarter. American Century Companies Inc. now owns 999,722 shares of the technology company’s stock valued at $74,239,000 after acquiring an additional 90,165 shares during the last quarter. Raymond James Trust N.A. bought a new position in Guidewire Software during the fourth quarter worth about $245,000. Public Employees Retirement Association of Colorado boosted its holdings in Guidewire Software by 24.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 217,378 shares of the technology company’s stock worth $16,142,000 after buying an additional 42,725 shares during the last quarter. Finally, Forward Management LLC bought a new position in Guidewire Software during the fourth quarter worth about $204,000.
Several equities analysts have recently weighed in on GWRE shares. Zacks Investment Research upgraded 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. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Citigroup set a $85.00 price target on Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. Deutsche Bank reiterated a “buy” rating and set a $85.00 target price on shares of Guidewire Software in a research note on Thursday, November 30th. Finally, TheStreet downgraded Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.30.
Guidewire Software Inc (GWRE) traded up $1.98 on Wednesday, reaching $79.24. The company had a trading volume of 191,020 shares, compared to its average volume of 479,730. The company has a market cap of $5,847.35, a P/E ratio of 290.85, a PEG ratio of 131.79 and a beta of 1.13. Guidewire Software Inc has a twelve month low of $54.34 and a twelve month high of $83.52.
Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. sell-side analysts forecast that Guidewire Software Inc will post 0.05 EPS for the current fiscal year.
In other Guidewire Software news, CFO Richard Hart sold 375 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 3,819 shares of the company’s stock, valued at approximately $295,552.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $79.07, for a total value of $1,581,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,100 shares of company stock valued at $7,343,140 in the last three months. 0.69% of the stock is owned by insiders.
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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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