American International Group Inc. bought a new stake in Guidewire Software Inc (NYSE:GWRE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,633 shares of the technology company’s stock, valued at approximately $121,000.
Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in 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 purchasing an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in 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 purchasing an additional 794 shares during the last quarter. Zions Bancorporation acquired a new stake in Guidewire Software in the 3rd quarter valued at about $161,000. CIBC Asset Management Inc acquired a new stake in Guidewire Software in the 3rd quarter valued at about $200,000. Finally, Forward Management LLC acquired a new stake in Guidewire Software in the 4th quarter valued at about $204,000.
Several brokerages recently issued reports on GWRE. Piper Jaffray Companies reiterated an “overweight” rating on shares of Guidewire Software in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. DA Davidson set a $100.00 price objective on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. KeyCorp restated a “buy” rating and set a $91.00 price objective on shares of Guidewire Software in a research report on Wednesday, March 7th. Finally, Stifel Nicolaus raised their price objective on shares of Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software currently has a consensus rating of “Buy” and a consensus price target of $83.90.
Guidewire Software Inc (NYSE GWRE) opened at $86.72 on Thursday. Guidewire Software Inc has a fifty-two week low of $54.74 and a fifty-two week high of $92.65. The company has a market cap of $6,700.00, a P/E ratio of -2,890.67 and a beta of 1.07.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.14. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $163.80 million for the quarter, compared to analysts’ expectations of $154.34 million. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. equities analysts predict that Guidewire Software Inc will post -0.01 EPS for the current fiscal year.
In other news, CFO Richard Hart sold 7,566 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $73.00, for a total transaction of $552,318.00. Following the transaction, the chief financial officer now directly owns 7,279 shares of the company’s stock, valued at $531,367. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Conway sold 600 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $73.49, for a total transaction of $44,094.00. Following the transaction, the director now directly owns 10,904 shares in the company, valued at $801,334.96. The disclosure for this sale can be found here. Insiders have sold 91,712 shares of company stock worth $7,012,670 over the last ninety days. Insiders own 0.69% of the company’s stock.
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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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