Wasatch Advisors Inc. lessened its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 689,756 shares of the technology company’s stock after selling 3,050 shares during the quarter. Wasatch Advisors Inc. owned about 0.92% of Guidewire Software worth $51,221,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its holdings in shares of Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,476 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Guidewire Software by 7.3% in the 2nd 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. BNP Paribas Arbitrage SA increased its holdings in shares of Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after acquiring an additional 794 shares during the period. Zions Bancorporation acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $161,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $200,000.
GWRE has been the topic of a number of recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a report on Friday, September 29th. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a $85.00 target price on shares of Guidewire Software in a report on Thursday, November 30th. BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Citigroup set a $85.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Guidewire Software presently has an average rating of “Buy” and an average target price of $80.11.
In other Guidewire Software news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $78.80, for a total transaction of $1,970,000.00. Following the sale, the chief executive officer now directly owns 114,178 shares in the company, valued at approximately $8,997,226.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $79.23, for a total transaction of $47,538.00. Following the sale, the director now owns 8,847 shares in the company, valued at $700,947.81. The disclosure for this sale can be found here. Insiders sold a total of 102,726 shares of company stock worth $7,704,463 over the last three months. 0.69% of the stock is currently owned by corporate insiders.
Guidewire Software Inc (NYSE:GWRE) opened at $75.45 on Wednesday. The stock has a market cap of $5,829.26, a price-to-earnings ratio of 279.44, a price-to-earnings-growth ratio of 87.78 and a beta of 1.17. Guidewire Software Inc has a 12 month low of $51.00 and a 12 month high of $83.52.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. research analysts anticipate that Guidewire Software Inc will post 0.06 EPS for the current year.
About Guidewire Software
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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