Gilder Gagnon Howe & Co. LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 90.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,407 shares of the technology company’s stock after selling 32,189 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Guidewire Software were worth $265,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after acquiring an additional 96,478 shares in the last quarter. BlackRock Inc. grew its position in Guidewire Software by 3.4% in the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Guidewire Software in the 2nd quarter worth about $113,628,000. Blair William & Co. IL grew its position in Guidewire Software by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock worth $77,941,000 after purchasing an additional 29,439 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in Guidewire Software by 7.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,089,847 shares of the technology company’s stock worth $74,883,000 after purchasing an additional 77,663 shares in the last quarter.
A number of equities research analysts have issued reports on GWRE shares. Zacks Investment Research downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet downgraded shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Guidewire Software in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and an average price target of $80.11.
Guidewire Software, Inc. (NYSE GWRE) opened at $81.18 on Friday. The firm has a market cap of $5,975.82, a PE ratio of 188.81, a price-to-earnings-growth ratio of 25.11 and a beta of 1.23. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $83.47.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The business had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same period in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. analysts expect that Guidewire Software, Inc. will post 0.2 EPS for the current fiscal year.
In other Guidewire Software news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $79.23, for a total transaction of $47,538.00. Following the completion of the sale, the director now directly owns 8,847 shares in the company, valued at approximately $700,947.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $75.57, for a total transaction of $28,338.75. Following the completion of the sale, the chief financial officer now owns 3,819 shares of the company’s stock, valued at $288,601.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,413 shares of company stock worth $8,804,528. 0.69% of the stock is owned by insiders.
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Guidewire Software 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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