Swiss National Bank grew its position in Guidewire Software Inc (NYSE:GWRE) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,618 shares of the technology company’s stock after acquiring an additional 5,100 shares during the quarter. Swiss National Bank’s holdings in Guidewire Software were worth $14,343,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. Vanguard Group Inc lifted its holdings in Guidewire Software by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 7,021,764 shares of the technology company’s stock worth $709,268,000 after purchasing an additional 215,874 shares in the last quarter. Keybank National Association OH purchased a new position in Guidewire Software in the 4th quarter worth approximately $225,000. SG Americas Securities LLC purchased a new position in Guidewire Software in the 4th quarter worth approximately $114,000. TD Asset Management Inc. lifted its holdings in Guidewire Software by 4.2% in the 4th quarter. TD Asset Management Inc. now owns 37,100 shares of the technology company’s stock worth $2,977,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Guidewire Software by 37.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,576 shares of the technology company’s stock worth $528,000 after acquiring an additional 1,794 shares during the last quarter.
GWRE has been the topic of a number of research reports. Piper Jaffray Companies downgraded Guidewire Software from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $90.00 in a research note on Monday, March 4th. Zacks Investment Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, ValuEngine downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $107.40.
NYSE GWRE opened at $98.24 on Tuesday. The company has a market cap of $7.90 billion, a PE ratio of 1,091.56, a P/E/G ratio of 24.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45. Guidewire Software Inc has a fifty-two week low of $73.82 and a fifty-two week high of $109.06.
Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The firm had revenue of $162.90 million for the quarter, compared to the consensus estimate of $155.23 million. Guidewire Software had a return on equity of 4.80% and a net margin of 10.66%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities analysts expect that Guidewire Software Inc will post 0.42 earnings per share for the current year.
In other Guidewire Software news, CFO Curtis Smith sold 2,105 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $94.96, for a total value of $199,890.80. Following the transaction, the chief financial officer now owns 4,179 shares of the company’s stock, valued at approximately $396,837.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $105.46, for a total value of $2,109,200.00. Following the completion of the transaction, the chief executive officer now directly owns 22,404 shares in the company, valued at approximately $2,362,725.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,317 shares of company stock worth $5,608,940. Corporate insiders own 0.69% of the company’s stock.
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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