Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWREGet Rating) by 11.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,179 shares of the technology company’s stock after buying an additional 754 shares during the period. Park Avenue Securities LLC’s holdings in Guidewire Software were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. boosted its holdings in Guidewire Software by 28.4% in the third quarter. Assetmark Inc. now owns 17,938 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 3,969 shares in the last quarter. Exchange Capital Management Inc. lifted its holdings in shares of Guidewire Software by 1.2% during the third quarter. Exchange Capital Management Inc. now owns 54,583 shares of the technology company’s stock worth $3,361,000 after purchasing an additional 648 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Guidewire Software by 17.7% during the third quarter. Raymond James Trust N.A. now owns 13,313 shares of the technology company’s stock worth $820,000 after purchasing an additional 2,000 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Guidewire Software by 14.5% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 88,916 shares of the technology company’s stock worth $5,475,000 after purchasing an additional 11,266 shares during the period. Finally, Riverview Trust Co lifted its holdings in shares of Guidewire Software by 158.8% during the third quarter. Riverview Trust Co now owns 414 shares of the technology company’s stock worth $25,000 after purchasing an additional 254 shares during the period.

Guidewire Software Stock Up 2.6 %

Guidewire Software stock opened at $69.98 on Friday. The stock has a market capitalization of $5.73 billion, a PE ratio of -29.40 and a beta of 1.20. Guidewire Software, Inc. has a 12 month low of $52.08 and a 12 month high of $103.11. The business has a 50 day simple moving average of $62.20 and a 200-day simple moving average of $65.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 3.73.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, December 6th. The technology company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.13. The business had revenue of $195.28 million during the quarter, compared to analysts’ expectations of $190.49 million. Guidewire Software had a negative return on equity of 10.64% and a negative net margin of 23.57%. On average, analysts anticipate that Guidewire Software, Inc. will post -1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on GWRE. BTIG Research decreased their target price on Guidewire Software from $105.00 to $90.00 in a report on Wednesday, December 7th. Wells Fargo & Company decreased their target price on Guidewire Software from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Wednesday, December 7th. Robert W. Baird decreased their price target on Guidewire Software to $75.00 in a report on Monday, December 12th. Citigroup decreased their price target on Guidewire Software from $79.00 to $67.00 in a report on Wednesday, December 7th. Finally, StockNews.com initiated coverage on Guidewire Software in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Hold” and an average target price of $82.00.

Insider Activity

In related news, COO Priscilla Hung sold 9,547 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total transaction of $668,290.00. Following the completion of the sale, the chief operating officer now directly owns 57,915 shares in the company, valued at $4,054,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Priscilla Hung sold 9,547 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total transaction of $668,290.00. Following the completion of the sale, the chief operating officer now directly owns 57,915 shares in the company, valued at $4,054,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 1,577 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $96,827.80. Following the sale, the insider now owns 39,328 shares of the company’s stock, valued at $2,414,739.20. The disclosure for this sale can be found here. Insiders sold 22,063 shares of company stock worth $1,436,772 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Guidewire Software Profile

(Get Rating)

Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

See Also

Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWREGet Rating).

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

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