Royce & Associates LP Lowers Holdings in Guidewire Software Inc (GWRE)

Royce & Associates LP decreased its stake in Guidewire Software Inc (NYSE:GWRE) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,000 shares of the technology company’s stock after selling 1,000 shares during the period. Royce & Associates LP’s holdings in Guidewire Software were worth $1,791,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Guidewire Software by 51.5% in the second quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock worth $6,079,000 after purchasing an additional 30,089 shares in the last quarter. Aperio Group LLC increased its stake in shares of Guidewire Software by 5.3% in the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Guidewire Software by 3,290.9% in the third quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock worth $8,237,000 after purchasing an additional 102,677 shares in the last quarter. BlackRock Inc. increased its stake in shares of Guidewire Software by 3.4% in the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Guidewire Software in the second quarter worth about $304,000.

Guidewire Software Inc (GWRE) opened at $73.86 on Friday. The company has a market cap of $5,558.71, a P/E ratio of 184.40, a P/E/G ratio of 83.71 and a beta of 1.18. Guidewire Software Inc has a 12 month low of $49.18 and a 12 month high of $83.52.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. Guidewire Software’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. analysts predict that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

In other Guidewire Software news, CFO Richard Hart sold 1,114 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $72.80, for a total value of $81,099.20. Following the completion of the transaction, the chief financial officer now owns 4,776 shares of the company’s stock, valued at approximately $347,692.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $78.56, for a total transaction of $1,964,000.00. Following the completion of the transaction, the chief executive officer now directly owns 149,678 shares of the company’s stock, valued at approximately $11,758,703.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,128 shares of company stock valued at $7,990,791. 0.69% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on GWRE. TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 target price on shares of Guidewire Software in a research note on Thursday, November 30th. Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $80.11.

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About Guidewire Software

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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