Guidewire Software Inc (GWRE) Position Raised by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC increased its position in shares of Guidewire Software Inc (NYSE:GWRE) by 554.1% during 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 371,278 shares of the technology company’s stock after purchasing an additional 314,519 shares during the period. Frontier Capital Management Co. LLC owned 0.46% of Guidewire Software worth $37,503,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in Guidewire Software by 4.8% during the third quarter. Russell Investments Group Ltd. now owns 333,765 shares of the technology company’s stock worth $33,691,000 after purchasing an additional 15,208 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Guidewire Software by 16.4% in the third quarter. Conestoga Capital Advisors LLC now owns 45,175 shares of the technology company’s stock worth $4,563,000 after buying an additional 6,360 shares during the last quarter. Alps Advisors Inc. grew its position in Guidewire Software by 44.4% in the third quarter. Alps Advisors Inc. now owns 4,906 shares of the technology company’s stock worth $496,000 after buying an additional 1,508 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 357,408 shares of the technology company’s stock worth $36,101,000 after buying an additional 87,174 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its position in Guidewire Software by 80.0% in the third quarter. Exchange Capital Management Inc. now owns 19,244 shares of the technology company’s stock worth $1,944,000 after buying an additional 8,553 shares during the last quarter.

In other Guidewire Software news, insider Steven P. Sherry sold 5,446 shares of Guidewire Software stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $103.82, for a total transaction of $565,403.72. Following the transaction, the insider now directly owns 6,868 shares in the company, valued at approximately $713,035.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $99.93, for a total transaction of $1,998,600.00. Following the transaction, the chief executive officer now owns 20,276 shares in the company, valued at $2,026,180.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,630 shares of company stock worth $6,987,735. Corporate insiders own 0.69% of the company’s stock.

Guidewire Software stock opened at $89.26 on Friday. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 991.78, a price-to-earnings-growth ratio of 41.97 and a beta of 1.19. Guidewire Software Inc has a 1 year low of $70.06 and a 1 year high of $107.79.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The firm had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $238.86 million. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was up 37.3% compared to the same quarter last year. Sell-side analysts predict that Guidewire Software Inc will post 0.26 earnings per share for the current year.

Several research analysts have issued reports on GWRE shares. Guggenheim started coverage on shares of Guidewire Software in a research report on Tuesday, August 7th. They issued a “buy” rating and a $115.00 price target on the stock. Piper Jaffray Companies lifted their price target on shares of Guidewire Software to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 28th. Citigroup started coverage on shares of Guidewire Software in a research report on Tuesday, September 4th. They issued a “neutral” rating and a $101.00 price target on the stock. TheStreet upgraded shares of Guidewire Software from a “c” rating to a “b-” rating in a research report on Thursday, September 6th. Finally, Stifel Nicolaus lifted their price target on shares of Guidewire Software from $93.00 to $106.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Guidewire Software has a consensus rating of “Buy” and an average target price of $109.90.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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