Emerald Mutual Fund Advisers Trust Cuts Holdings in Guidewire Software, Inc. (GWRE)

Emerald Mutual Fund Advisers Trust decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,151 shares of the technology company’s stock after selling 51,890 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.27% of Guidewire Software worth $15,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in Guidewire Software by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock valued at $406,000 after purchasing an additional 63 shares during the last quarter. Pacer Advisors Inc. increased its position in Guidewire Software by 1.0% during the 2nd quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock worth $562,000 after buying an additional 78 shares during the period. The Manufacturers Life Insurance Company increased its position in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares during the period. Aperio Group LLC increased its position in Guidewire Software by 5.3% during the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after buying an additional 269 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after buying an additional 283 shares during the period.

In other Guidewire Software news, insider Scott Roza sold 781 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total value of $54,927.73. Following the transaction, the insider now directly owns 998 shares in the company, valued at approximately $70,189.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.51, for a total value of $1,887,750.00. Following the completion of the transaction, the chief executive officer now owns 139,139 shares in the company, valued at $10,506,385.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,641 shares of company stock worth $8,884,061. 0.96% of the stock is currently owned by corporate insiders.

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Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year.

Several research firms have weighed in on GWRE. BidaskClub upgraded Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, October 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price objective on shares of Guidewire Software in a research report on Sunday, August 27th. TheStreet cut Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $85.00 price objective (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.11.

Guidewire Software 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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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

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