Harbour Capital Advisors LLC Purchases 8,240 Shares of Guidewire Software, Inc. (GWRE)

Harbour Capital Advisors LLC increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 123.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,940 shares of the technology company’s stock after buying an additional 8,240 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Guidewire Software were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $113,628,000. Wasatch Advisors Inc. acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $28,037,000. Koch Industries Inc. acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $304,000. Kornitzer Capital Management Inc. KS acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $12,597,000. Finally, Nikko Asset Management Americas Inc. increased its position in Guidewire Software by 1,321.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 189,000 shares of the technology company’s stock valued at $12,986,000 after purchasing an additional 175,700 shares during the period.

In related news, insider Scott Roza sold 782 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $78.20, for a total value of $61,152.40. Following the transaction, the insider now directly owns 7,127 shares in the company, valued at approximately $557,331.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $75.51, for a total value of $1,887,750.00. Following the completion of the transaction, the chief executive officer now owns 139,139 shares in the company, valued at $10,506,385.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,621 shares of company stock worth $8,821,024. 0.69% of the stock is owned by company insiders.

Shares of Guidewire Software, Inc. (NYSE GWRE) traded up $0.39 during mid-day trading on Tuesday, hitting $81.88. 438,700 shares of the stock traded hands, compared to its average volume of 441,954. The firm has a market cap of $6,140.00, a P/E ratio of 194.02, a price-to-earnings-growth ratio of 25.80 and a beta of 1.23. Guidewire Software, Inc. has a one year low of $49.18 and a one year high of $83.47.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 28.3% on a year-over-year basis. analysts forecast that Guidewire Software, Inc. will post 0.2 earnings per share for the current fiscal year.

GWRE has been the subject of a number of recent analyst reports. KeyCorp reissued a “buy” rating and set a $86.00 target price on shares of Guidewire Software in a research report on Friday, September 29th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Tuesday, October 24th. BidaskClub raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Finally, ValuEngine raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software has an average rating of “Buy” and an average 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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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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