FinTrust Capital Advisors LLC Has $60,000 Holdings in Guidewire Software, Inc. (NYSE:GWRE)

FinTrust Capital Advisors LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 31.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 572 shares of the technology company’s stock after buying an additional 138 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Guidewire Software were worth $60,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in Guidewire Software by 78.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,487,222 shares of the technology company’s stock valued at $386,559,000 after purchasing an additional 1,533,149 shares during the period. William Blair Investment Management LLC boosted its holdings in Guidewire Software by 331.6% in the 3rd quarter. William Blair Investment Management LLC now owns 1,336,916 shares of the technology company’s stock valued at $139,400,000 after purchasing an additional 1,027,156 shares during the period. Bristol John W & Co. Inc. NY bought a new stake in Guidewire Software in the 3rd quarter valued at $37,266,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Guidewire Software by 22.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 698,048 shares of the technology company’s stock valued at $77,379,000 after purchasing an additional 127,731 shares during the period. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Guidewire Software by 25.2% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 477,178 shares of the technology company’s stock valued at $48,548,000 after purchasing an additional 95,992 shares during the period.

Shares of GWRE stock opened at $117.35 on Friday. Guidewire Software, Inc. has a 12-month low of $71.64 and a 12-month high of $124.16. The company has a market capitalization of $9.83 billion, a P/E ratio of -355.61 and a beta of 1.23. The firm has a 50-day moving average price of $105.81 and a 200 day moving average price of $107.56. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 0.20.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.38. Guidewire Software had a negative net margin of 3.66% and a positive return on equity of 1.07%. The firm had revenue of $243.67 million during the quarter, compared to the consensus estimate of $208.91 million. During the same period last year, the firm posted $0.56 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts expect that Guidewire Software, Inc. will post -1.12 earnings per share for the current year.

GWRE has been the subject of a number of analyst reports. Needham & Company LLC reduced their price objective on shares of Guidewire Software from $145.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Bank of America raised their price objective on shares of Guidewire Software from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. ValuEngine raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, August 12th. DA Davidson raised their price objective on shares of Guidewire Software from $135.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $126.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $124.09.

In other Guidewire Software news, insider Michael Polelle sold 1,340 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $105.29, for a total value of $141,088.60. Following the completion of the sale, the insider now owns 7,773 shares in the company, valued at approximately $818,419.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Priscilla Hung sold 3,819 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $105.29, for a total transaction of $402,102.51. Following the completion of the sale, the chief operating officer now owns 13,143 shares of the company’s stock, valued at approximately $1,383,826.47. The disclosure for this sale can be found here. Insiders have sold a total of 57,159 shares of company stock valued at $6,011,211 over the last three months. 0.37% of the stock is currently owned by insiders.

Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers.

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

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