Fiera Capital Corp Has $51.98 Million Holdings in Guidewire Software, Inc. $GWRE

Fiera Capital Corp trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 9.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 258,599 shares of the technology company’s stock after selling 26,415 shares during the period. Fiera Capital Corp’s holdings in Guidewire Software were worth $51,981,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Capital World Investors bought a new stake in Guidewire Software during the 4th quarter worth $202,405,000. Alliancebernstein L.P. increased its holdings in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after purchasing an additional 431,725 shares in the last quarter. M&T Bank Corp raised its position in Guidewire Software by 4,507.8% in the fourth quarter. M&T Bank Corp now owns 318,675 shares of the technology company’s stock valued at $64,057,000 after purchasing an additional 311,759 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Guidewire Software by 112.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company’s stock valued at $90,036,000 after purchasing an additional 254,142 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Guidewire Software by 34.4% during the third quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock valued at $225,894,000 after purchasing an additional 251,280 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the subject of several recent research reports. Oppenheimer lowered their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company cut their target price on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday. DA Davidson reduced their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday. Finally, BTIG Research reaffirmed a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $229.00.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00. Following the completion of the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 33,679 shares of company stock worth $5,178,014. 0.46% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

GWRE stock opened at $127.24 on Tuesday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 68.78 and a beta of 0.93. The company has a quick ratio of 2.93, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 12-month low of $115.57 and a 12-month high of $272.60. The company’s fifty day simple moving average is $139.59 and its 200 day simple moving average is $159.91.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same period last year, the business posted $0.88 EPS. The business’s revenue was up 26.9% compared to the same quarter last year. On average, analysts expect that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.