Emerald Advisers Inc. PA increased its position in Guidewire Software Inc (NYSE:GWRE) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 226,950 shares of the company’s stock after buying an additional 1,340 shares during the period. Emerald Advisers Inc. PA’s holdings in Guidewire Software were worth $14,016,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GWRE. State Street Corp raised its stake in Guidewire Software by 2.7% in the first quarter. State Street Corp now owns 1,273,842 shares of the company’s stock valued at $69,403,000 after buying an additional 33,481 shares during the period. Wellington Management Group LLP raised its stake in shares of Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock worth $232,425,000 after buying an additional 1,304,174 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Guidewire Software by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 658,463 shares of the company’s stock worth $35,873,000 after buying an additional 153,049 shares during the last quarter. UBS Group AG raised its stake in shares of Guidewire Software by 45.8% in the first quarter. UBS Group AG now owns 21,095 shares of the company’s stock worth $1,150,000 after buying an additional 6,622 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Guidewire Software by 24.2% in the first quarter. BlackRock Group LTD now owns 46,860 shares of the company’s stock worth $2,552,000 after buying an additional 9,137 shares during the last quarter.
Guidewire Software Inc (NYSE:GWRE) traded down 0.61% during midday trading on Wednesday, hitting $60.01. The stock had a trading volume of 733,932 shares. The firm’s 50-day moving average price is $61.13 and its 200 day moving average price is $59.26. Guidewire Software Inc has a 12 month low of $42.32 and a 12 month high of $64.78. The company has a market cap of $4.38 billion and a P/E ratio of 300.05.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The firm earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Guidewire Software’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts expect that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on GWRE. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $68.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, September 8th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Wednesday, September 7th. JMP Securities restated a “hold” rating on shares of Guidewire Software in a research report on Thursday, September 8th. TheStreet upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.38.
In related news, CEO Marcus Ryu sold 20,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $61.45, for a total transaction of $1,229,000.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $1,229,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Hart sold 5,526 shares of the stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $63.04, for a total value of $348,359.04. Following the sale, the chief financial officer now owns 3,567 shares of the company’s stock, valued at $224,863.68. The disclosure for this sale can be found here.
Guidewire Software Company 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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.
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