Guidewire Software Inc (GWRE) Stake Boosted by Brown Advisory Inc.

Brown Advisory Inc. lifted its holdings in Guidewire Software Inc (NYSE:GWRE) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 524,995 shares of the technology company’s stock after acquiring an additional 8,836 shares during the period. Brown Advisory Inc. owned 0.65% of Guidewire Software worth $42,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Guidewire Software by 5.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,602 shares of the technology company’s stock worth $938,000 after buying an additional 595 shares in the last quarter. Aperio Group LLC lifted its position in shares of Guidewire Software by 7.3% in the first quarter. Aperio Group LLC now owns 9,473 shares of the technology company’s stock worth $766,000 after buying an additional 642 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Guidewire Software by 46.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,140 shares of the technology company’s stock worth $173,000 after buying an additional 683 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Guidewire Software by 1.9% in the first quarter. Legal & General Group Plc now owns 40,292 shares of the technology company’s stock worth $3,256,000 after buying an additional 733 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Guidewire Software by 12.7% in the first quarter. D.A. Davidson & CO. now owns 6,652 shares of the technology company’s stock worth $538,000 after buying an additional 747 shares in the last quarter.

A number of equities research analysts recently commented on GWRE shares. Piper Jaffray Companies reiterated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson boosted their target price on Guidewire Software from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. JPMorgan Chase & Co. boosted their target price on Guidewire Software to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 6th. Finally, William Blair reiterated 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 issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $94.11.

In other Guidewire Software news, insider Michael Polelle sold 2,821 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $92.85, for a total transaction of $261,929.85. Following the sale, the insider now directly owns 7,240 shares in the company, valued at $672,234. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig Conway sold 400 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $82.26, for a total value of $32,904.00. Following the transaction, the director now directly owns 9,993 shares in the company, valued at approximately $822,024.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,653 shares of company stock worth $5,030,221. Company insiders own 0.69% of the company’s stock.

Shares of GWRE stock opened at $88.78 on Friday. Guidewire Software Inc has a 1 year low of $67.89 and a 1 year high of $96.19. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 221.95, a P/E/G ratio of 200.50 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Guidewire Software had a positive return on equity of 0.30% and a negative net margin of 12.83%. The business had revenue of $140.47 million for the quarter, compared to the consensus estimate of $137.31 million. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. equities research analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

Guidewire Software Profile

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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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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