Captrust Financial Advisors acquired a new position in shares of Guidewire Software Inc (NYSE:GWRE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 507 shares of the technology company’s stock, valued at approximately $41,000.
Several other hedge funds have also bought and sold shares of the company. California State Teachers Retirement System raised its position in Guidewire Software by 3.8% in the fourth quarter. California State Teachers Retirement System now owns 127,763 shares of the technology company’s stock valued at $10,250,000 after purchasing an additional 4,658 shares during the period. Stifel Financial Corp raised its position in Guidewire Software by 35.4% in the fourth quarter. Stifel Financial Corp now owns 25,225 shares of the technology company’s stock valued at $2,003,000 after purchasing an additional 6,593 shares during the period. Dimensional Fund Advisors LP raised its position in Guidewire Software by 14.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 270,906 shares of the technology company’s stock valued at $21,734,000 after purchasing an additional 34,549 shares during the period. United Services Automobile Association raised its position in Guidewire Software by 62.2% in the fourth quarter. United Services Automobile Association now owns 198,977 shares of the technology company’s stock valued at $15,964,000 after purchasing an additional 76,340 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Guidewire Software in the fourth quarter valued at about $371,000.
Several research firms have commented on GWRE. Piper Jaffray Companies lowered Guidewire Software from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $90.00 in a research report on Monday, March 4th. Goldman Sachs Group reissued a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, December 10th. Citigroup lowered their target price on Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, December 6th. Finally, DA Davidson set a $118.00 target price on Guidewire Software and gave the company a “buy” rating in a research note on Wednesday, December 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $106.40.
Shares of Guidewire Software stock opened at $95.43 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.45 and a quick ratio of 7.45. The stock has a market cap of $7.74 billion, a PE ratio of 155.80, a price-to-earnings-growth ratio of 28.02 and a beta of 1.26. Guidewire Software Inc has a 1-year low of $73.82 and a 1-year high of $107.79.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $169.30 million during the quarter, compared to the consensus estimate of $159.73 million. Guidewire Software had a return on equity of 3.59% and a net margin of 5.56%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, analysts predict that Guidewire Software Inc will post 0.42 EPS for the current fiscal year.
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About Guidewire Software
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 that prefer to subscribe to a cloud-based solution.
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