Schwab Charles Investment Management Inc. Has $25.91 Million Holdings in Guidewire Software Inc (GWRE)

Schwab Charles Investment Management Inc. boosted its holdings in shares of Guidewire Software Inc (NYSE:GWRE) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,836 shares of the technology company’s stock after buying an additional 21,742 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.46% of Guidewire Software worth $25,905,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GWRE. Ameriprise Financial Inc. boosted its holdings in Guidewire Software by 51.5% during the second quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after acquiring an additional 30,089 shares during the period. Northern Trust Corp boosted its holdings in Guidewire Software by 1.5% during the second quarter. Northern Trust Corp now owns 362,019 shares of the technology company’s stock valued at $24,875,000 after acquiring an additional 5,475 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Guidewire Software by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 213,546 shares of the technology company’s stock valued at $14,673,000 after acquiring an additional 7,613 shares during the period. Royal Bank of Canada boosted its holdings in Guidewire Software by 12.8% during the second quarter. Royal Bank of Canada now owns 45,280 shares of the technology company’s stock valued at $3,111,000 after acquiring an additional 5,128 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $151,000 after acquiring an additional 150 shares during the period.

A number of equities research analysts have issued reports on GWRE shares. Zacks Investment Research upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. DA Davidson started coverage on shares of Guidewire Software in a report on Friday, February 2nd. They set a “buy” rating and a $92.00 price target for the company. Deutsche Bank restated a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a report on Thursday, November 30th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, TheStreet cut shares of Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. One investment 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 stock. The stock presently has an average rating of “Buy” and an average target price of $81.30.

Shares of Guidewire Software Inc (GWRE) opened at $81.98 on Friday. Guidewire Software Inc has a one year low of $54.34 and a one year high of $83.52. The firm has a market cap of $6,180.00, a PE ratio of 327.92, a P/E/G ratio of 131.23 and a beta of 1.13.

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 the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The company had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. During the same quarter in the previous year, the business posted $0.02 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. equities analysts expect that Guidewire Software Inc will post 0.05 earnings per share for the current fiscal year.

In other Guidewire Software news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $73.49, for a total transaction of $44,094.00. Following the completion of the transaction, the director now owns 10,904 shares in the company, valued at $801,334.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Hart sold 375 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $77.39, for a total transaction of $29,021.25. Following the transaction, the chief financial officer now 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 quarter, insiders sold 98,100 shares of company stock valued at $7,343,140. 0.69% of the stock is owned by corporate 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.

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

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