United Services Automobile Association reduced its position in shares of Guidewire Software Inc (NYSE:GWRE) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,637 shares of the technology company’s stock after selling 25,219 shares during the period. United Services Automobile Association owned approximately 0.15% of Guidewire Software worth $12,388,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of Guidewire Software by 3.7% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 16,079 shares of the technology company’s stock worth $1,624,000 after acquiring an additional 572 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Guidewire Software by 5.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,232 shares of the technology company’s stock worth $1,086,000 after acquiring an additional 630 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Guidewire Software by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 41,037 shares of the technology company’s stock worth $3,643,000 after acquiring an additional 745 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Guidewire Software by 25.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,970 shares of the technology company’s stock worth $603,000 after acquiring an additional 1,195 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Guidewire Software by 19.6% during the 2nd quarter. D.A. Davidson & CO. now owns 7,958 shares of the technology company’s stock worth $707,000 after acquiring an additional 1,306 shares during the last quarter.
A number of research firms have recently issued reports on GWRE. Zacks Investment Research reaffirmed a “hold” rating on shares of Guidewire Software in a report on Tuesday, November 13th. ValuEngine raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 1st. Citigroup lowered their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software to $117.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software has an average rating of “Buy” and an average price target of $109.60.
Guidewire Software stock opened at $85.01 on Friday. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 944.56, a price-to-earnings-growth ratio of 34.74 and a beta of 1.29. Guidewire Software Inc has a twelve month low of $72.04 and a twelve month high of $107.79.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.18. The business had revenue of $179.70 million during the quarter, compared to the consensus estimate of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.38%. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts anticipate that Guidewire Software Inc will post 0.31 EPS for the current fiscal year.
In other news, insider Steven P. Sherry sold 5,446 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $103.82, for a total transaction of $565,403.72. Following the completion of the transaction, the insider now directly owns 6,868 shares of the company’s stock, valued at $713,035.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marcus Ryu sold 15,935 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $105.31, for a total transaction of $1,678,114.85. Following the transaction, the chief executive officer now directly owns 16,098 shares of the company’s stock, valued at $1,695,280.38. The disclosure for this sale can be found here. Insiders sold 88,359 shares of company stock valued at $8,598,456 over the last three months. 0.69% of the stock is currently owned by insiders.
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Guidewire Software Company Profile
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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