Guidewire Software Inc (GWRE) Stake Increased by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY boosted its holdings in Guidewire Software Inc (NYSE:GWRE) by 77.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,298 shares of the technology company’s stock after purchasing an additional 2,752 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Guidewire Software were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GWRE. Aperio Group LLC boosted its holdings in 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 purchasing an additional 642 shares during the period. Northern Trust Corp boosted its holdings in Guidewire Software by 4.2% in the first quarter. Northern Trust Corp now owns 378,188 shares of the technology company’s stock worth $30,569,000 after purchasing an additional 15,172 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in 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 purchasing an additional 595 shares during the period. Brinker Capital Inc. boosted its holdings in Guidewire Software by 35.2% in the first quarter. Brinker Capital Inc. now owns 12,240 shares of the technology company’s stock worth $989,000 after purchasing an additional 3,187 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Guidewire Software by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 236,831 shares of the technology company’s stock worth $19,128,000 after purchasing an additional 4,808 shares during the period.

In related news, insider Steven P. Sherry sold 5,446 shares of Guidewire Software stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $103.82, for a total transaction of $565,403.72. Following the sale, the insider now directly owns 6,868 shares in the company, valued at $713,035.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 15,935 shares of Guidewire Software stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $105.31, for a total transaction of $1,678,114.85. Following the sale, the chief executive officer now owns 16,098 shares in the company, valued at $1,695,280.38. The disclosure for this sale can be found here. Insiders sold 80,593 shares of company stock worth $7,765,126 over the last quarter. 0.69% of the stock is currently owned by company insiders.

GWRE stock opened at $100.60 on Thursday. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 422.42, a P/E/G ratio of 49.70 and a beta of 1.19. Guidewire Software Inc has a 1 year low of $70.06 and a 1 year high of $107.79.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 5th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $238.86 million. Guidewire Software had a positive return on equity of 1.83% and a negative net margin of 2.97%. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. analysts predict that Guidewire Software Inc will post 0.26 EPS for the current year.

A number of research firms have commented on GWRE. DA Davidson lifted their price objective on shares of Guidewire Software to $118.00 and gave the stock a “buy” rating in a report on Friday, September 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software to $117.00 and gave the stock an “overweight” rating in a report on Friday, September 21st. KeyCorp lifted their price objective on shares of Guidewire Software from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, September 21st. William Blair reaffirmed an “outperform” rating on shares of Guidewire Software in a report on Wednesday, June 6th. Finally, Deutsche Bank lifted their price objective on shares of Guidewire Software to $110.00 and gave the stock a “buy” rating in a report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $108.40.

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

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