Alps Advisors Inc. boosted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 29.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,750 shares of the technology company’s stock after purchasing an additional 2,417 shares during the quarter. Alps Advisors Inc.’s holdings in Guidewire Software were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in GWRE. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the 2nd quarter worth about $26,000. SRS Capital Advisors Inc. grew its position in shares of Guidewire Software by 678.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 249 shares of the technology company’s stock worth $28,000 after buying an additional 217 shares during the period. SSI Investment Management LLC acquired a new position in shares of Guidewire Software during the 2nd quarter worth about $29,000. Prospera Financial Services Inc acquired a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, FinTrust Capital Advisors LLC grew its position in shares of Guidewire Software by 1,507.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 434 shares of the technology company’s stock valued at $48,000 after purchasing an additional 407 shares during the period.
Several brokerages recently issued reports on GWRE. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $126.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Zacks Investment Research cut Guidewire Software from a “hold” rating to a “sell” rating and set a $117.00 target price on the stock. in a research note on Thursday, September 10th. DA Davidson boosted their target price on Guidewire Software from $135.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, August 12th. Finally, BTIG Research upped their price objective on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $124.09.
In related news, insider Michael Polelle sold 1,340 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $105.29, for a total transaction of $141,088.60. Following the transaction, the insider now owns 7,773 shares of the company’s stock, valued at $818,419.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 1,021 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $105.29, for a total value of $107,501.09. Following the transaction, the chief financial officer now directly owns 2,921 shares in the company, valued at approximately $307,552.09. The disclosure for this sale can be found here. Insiders sold 57,159 shares of company stock valued at $6,011,211 in the last three months. Insiders own 0.37% of the company’s stock.
NYSE GWRE opened at $117.35 on Friday. The business has a 50 day simple moving average of $105.81 and a 200 day simple moving average of $107.56. Guidewire Software, Inc. has a one year low of $71.64 and a one year high of $124.16. The stock has a market capitalization of $9.83 billion, a P/E ratio of -355.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.96 and a quick ratio of 5.96.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.38. Guidewire Software had a positive return on equity of 1.07% and a negative net margin of 3.66%. The firm had revenue of $243.67 million during the quarter, compared to analysts’ expectations of $208.91 million. During the same quarter last year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts expect that Guidewire Software, Inc. will post -1.12 earnings per share for the current year.
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.
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