Stifel Financial Corp grew its position in shares of Guidewire Software Inc (NYSE:GWRE) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,536 shares of the technology company’s stock after buying an additional 1,586 shares during the quarter. Stifel Financial Corp’s holdings in Guidewire Software were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. ARK Investment Management LLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $118,000. American International Group Inc. bought a new position in Guidewire Software during the fourth quarter valued at approximately $121,000. Whittier Trust Co. of Nevada Inc. lifted its position in Guidewire Software by 46.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,140 shares of the technology company’s stock valued at $173,000 after purchasing an additional 683 shares during the period. CIBC Asset Management Inc bought a new position in Guidewire Software during the first quarter valued at approximately $207,000. Finally, Burney Co. bought a new position in Guidewire Software during the fourth quarter valued at approximately $228,000.
Guidewire Software opened at $90.13 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.23, a quick ratio of 5.97 and a current ratio of 5.97. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 225.33, a price-to-earnings-growth ratio of 202.48 and a beta of 1.06. Guidewire Software Inc has a 1-year low of $67.82 and a 1-year high of $96.19.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 5th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $140.47 million during the quarter, compared to the consensus estimate of $137.31 million. Guidewire Software had a positive return on equity of 0.30% and a negative net margin of 12.83%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. equities analysts anticipate that Guidewire Software Inc will post 0.06 EPS for the current year.
A number of research analysts recently weighed in on GWRE shares. Piper Jaffray Companies restated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. ValuEngine upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson increased their price objective on shares of Guidewire Software from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, June 6th. Finally, William Blair restated an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Guidewire Software has a consensus rating of “Buy” and a consensus price target of $94.11.
In other news, CEO Marcus Ryu sold 19,705 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $79.05, for a total value of $1,557,680.25. Following the completion of the sale, the chief executive officer now directly owns 32,270 shares in the company, valued at approximately $2,550,943.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Craig Conway sold 400 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $82.26, for a total value of $32,904.00. Following the completion of the sale, the director now owns 9,993 shares of the company’s stock, valued at $822,024.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,653 shares of company stock valued at $5,030,221. 0.69% of the stock is currently owned by company insiders.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.
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