Sit Investment Associates Inc. bought a new position in shares of Guidewire Software Inc (NYSE:GWRE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,025 shares of the technology company’s stock, valued at approximately $2,230,000.
Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake 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 purchasing an additional 1,476 shares during the period. The Manufacturers Life Insurance Company raised its position in Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after acquiring an additional 150 shares during the period. BNP Paribas Arbitrage SA raised its position in Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after acquiring an additional 794 shares during the period. Zions Bancorporation acquired a new position in Guidewire Software during the third quarter worth $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Guidewire Software by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after acquiring an additional 283 shares during the period.
In other news, COO Priscilla Hung sold 2,870 shares of Guidewire Software stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $73.31, for a total transaction of $210,399.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Hart sold 1,114 shares of Guidewire Software stock in a transaction on Monday, December 11th. The stock was sold at an average price of $72.80, for a total value of $81,099.20. Following the transaction, the chief financial officer now directly owns 4,776 shares of the company’s stock, valued at approximately $347,692.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,534 shares of company stock worth $7,767,441. Insiders own 0.69% of the company’s stock.
A number of research firms have weighed in on GWRE. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. BidaskClub lowered shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and issued a $86.00 price objective on shares of Guidewire Software in a report on Friday, September 29th. Finally, Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Guidewire Software presently has an average rating of “Buy” and a consensus target price of $80.11.
Shares of Guidewire Software Inc (NYSE:GWRE) opened at $77.11 on Friday. Guidewire Software Inc has a 1-year low of $51.00 and a 1-year high of $83.52. The firm has a market cap of $5,811.16, a P/E ratio of 192.77, a price-to-earnings-growth ratio of 87.51 and a beta of 1.17.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The company 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 firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS. research analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.
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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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