Bamco Inc. NY increased its holdings in Guidewire Software Inc (NYSE:GWRE) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,082,409 shares of the technology company’s stock after acquiring an additional 151,238 shares during the quarter. Guidewire Software makes up about 1.9% of Bamco Inc. NY’s holdings, making the stock its 8th biggest position. Bamco Inc. NY owned 6.74% of Guidewire Software worth $395,716,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in GWRE. Aperio Group LLC grew its stake in shares of Guidewire Software by 5.3% during the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Guidewire Software by 19.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 34,162 shares of the technology company’s stock worth $2,347,000 after buying an additional 5,615 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Guidewire Software in the 2nd quarter worth about $409,000. TD Asset Management Inc. boosted its position in shares of Guidewire Software by 5.6% in the 2nd quarter. TD Asset Management Inc. now owns 111,500 shares of the technology company’s stock worth $7,661,000 after buying an additional 5,900 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Guidewire Software by 400.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the technology company’s stock worth $426,000 after buying an additional 4,960 shares in the last quarter.
Shares of Guidewire Software Inc (NYSE GWRE) traded up $0.20 on Tuesday, hitting $74.46. The stock had a trading volume of 423,812 shares, compared to its average volume of 703,784. The firm has a market capitalization of $5,610.00, a price-to-earnings ratio of 297.84, a price-to-earnings-growth ratio of 84.27 and a beta of 1.17. Guidewire Software Inc has a 52 week low of $49.18 and a 52 week 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). The business had revenue of $108.20 million for the quarter, compared to analyst estimates of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 earnings per share. research analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current year.
In other Guidewire Software news, insider Michael Polelle sold 3,241 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $73.24, for a total value of $237,370.84. Following the transaction, the insider now owns 5,522 shares of the company’s stock, valued at $404,431.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Richard Hart sold 375 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $77.40, for a total value of $29,025.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,128 shares of company stock worth $6,026,791. Company insiders own 0.69% of the company’s stock.
GWRE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Citigroup reissued a “buy” rating and set a $85.00 target price (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Bank of America increased their target price on Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. Stifel Nicolaus increased their target price on Guidewire Software from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, TheStreet cut Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.11.
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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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