Guidewire Software Inc (GWRE) Position Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in shares of Guidewire Software Inc (NYSE:GWRE) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,045 shares of the technology company’s stock after selling 3,444 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of Guidewire Software worth $6,621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,476 shares during the period. The Manufacturers Life Insurance Company grew its stake in Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after acquiring an additional 150 shares during the period. BNP Paribas Arbitrage SA grew its stake in Guidewire Software by 64.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after acquiring an additional 794 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after acquiring an additional 283 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Guidewire Software in the third quarter valued at approximately $200,000.

A number of brokerages have commented on GWRE. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, October 17th. TheStreet cut Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Citigroup reissued a “buy” rating and issued a $85.00 price objective (up previously from $79.00) on shares of Guidewire Software in a research note on Thursday, September 7th. Deutsche Bank reissued a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Finally, Bank of America raised their price objective on Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $80.11.

In related news, CFO Richard Hart sold 1,114 shares of Guidewire Software stock in a transaction on Monday, December 11th. The stock was sold at an average price of $72.80, for a total transaction of $81,099.20. Following the sale, the chief financial officer now directly owns 4,776 shares in the company, valued at $347,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction on Monday, October 16th. The stock was sold at an average price of $78.51, for a total value of $47,106.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,128 shares of company stock worth $7,990,791. 0.69% of the stock is owned by insiders.

Guidewire Software Inc (NYSE:GWRE) opened at $73.56 on Wednesday. The stock has a market capitalization of $5,540.00, a P/E ratio of 294.24, a P/E/G ratio of 83.42 and a beta of 1.17. Guidewire Software Inc has a 1 year low of $49.18 and a 1 year high of $83.52.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). The company 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%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. analysts predict that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

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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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