Strs Ohio bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 15,940 shares of the technology company’s stock, valued at approximately $1,241,000.
Several other large investors have also recently modified their holdings of GWRE. UBS Asset Management Americas Inc. grew its holdings in shares of Guidewire Software by 18.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 45,635 shares of the technology company’s stock worth $2,571,000 after purchasing an additional 7,247 shares during the period. Legal & General Group Plc grew its holdings in shares of Guidewire Software by 253.0% during the 1st quarter. Legal & General Group Plc now owns 23,385 shares of the technology company’s stock worth $1,317,000 after purchasing an additional 16,760 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Guidewire Software during the 1st quarter worth about $217,000. Marshall Wace North America L.P. purchased a new stake in shares of Guidewire Software during the 1st quarter worth about $217,000. Finally, UBS Group AG grew its holdings in shares of Guidewire Software by 31.1% during the 1st quarter. UBS Group AG now owns 33,648 shares of the technology company’s stock worth $1,896,000 after purchasing an additional 7,984 shares during the period.
In related news, CEO Marcus Ryu sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $78.80, for a total transaction of $1,970,000.00. Following the completion of the sale, the chief executive officer now directly owns 114,178 shares of the company’s stock, valued at approximately $8,997,226.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Roza sold 782 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $78.51, for a total value of $61,394.82. The disclosure for this sale can be found here. Insiders sold a total of 114,641 shares of company stock worth $8,884,061 in the last ninety days. Insiders own 0.96% of the company’s stock.
GWRE has been the subject of a number of research reports. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Wednesday, July 12th. BidaskClub upgraded Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet lowered Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, KeyCorp reissued a “buy” rating and set a $75.00 price target on shares of Guidewire Software in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.11.
Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.20. The firm had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The company’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS.
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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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