Guidewire Software, Inc. (GWRE) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,095 shares of the technology company’s stock after purchasing an additional 2,555 shares during the period. King Luther Capital Management Corp owned 0.08% of Guidewire Software worth $4,060,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Guidewire Software by 51.4% during the first quarter. Wellington Management Group LLP now owns 6,377,813 shares of the technology company’s stock worth $359,261,000 after purchasing an additional 2,165,143 shares during the last quarter. Vanguard Group Inc. increased its position in Guidewire Software by 4.8% during the first quarter. Vanguard Group Inc. now owns 5,693,314 shares of the technology company’s stock worth $320,705,000 after purchasing an additional 261,105 shares during the last quarter. William Blair Investment Management LLC increased its position in Guidewire Software by 5.8% during the first quarter. William Blair Investment Management LLC now owns 4,389,763 shares of the technology company’s stock worth $247,275,000 after purchasing an additional 240,337 shares during the last quarter. JPMorgan Chase & Co. increased its position in Guidewire Software by 4.0% during the first quarter. JPMorgan Chase & Co. now owns 3,875,527 shares of the technology company’s stock worth $218,307,000 after purchasing an additional 148,196 shares during the last quarter. Finally, BlackRock Inc. increased its position in Guidewire Software by 33,371.0% during the first quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock worth $173,006,000 after purchasing an additional 3,062,124 shares during the last quarter.

Several equities analysts recently commented on GWRE shares. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Wednesday, July 12th. KeyCorp reaffirmed a “buy” rating and set a $75.00 price target on shares of Guidewire Software in a research report on Friday, August 25th. Piper Jaffray Companies raised shares of Guidewire Software from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $75.00 in a research report on Tuesday, June 13th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC raised shares of Guidewire Software from a “neutral” rating to an “overweight” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $78.89.

In other news, CFO Richard Hart sold 375 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $68.37, for a total value of $25,638.75. Following the sale, the chief financial officer now owns 3,880 shares in the company, valued at $265,275.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig Conway sold 600 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $70.39, for a total transaction of $42,234.00. Following the completion of the sale, the director now owns 10,047 shares in the company, valued at approximately $707,208.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,579 shares of company stock worth $7,504,996. 0.96% of the stock is currently owned by corporate insiders.

Guidewire Software, Inc. (NYSE:GWRE) opened at 77.64 on Friday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 277.29 and a beta of 1.24. The stock has a 50 day moving average of $73.33 and a 200 day moving average of $65.76. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $81.46.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.20. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.67%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. On average, equities research analysts predict that Guidewire Software, Inc. will post $1.03 earnings per share for the current fiscal year.

WARNING: “Guidewire Software, Inc. (GWRE) Shares Bought by King Luther Capital Management Corp” was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://transcriptdaily.com/2017/09/17/guidewire-software-inc-gwre-shares-bought-by-king-luther-capital-management-corp.html.

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.

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

Receive News & Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply