Stephens Investment Management Group LLC decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 755,218 shares of the technology company’s stock after selling 20,008 shares during the period. Guidewire Software comprises 1.4% of Stephens Investment Management Group LLC’s portfolio, making the stock its 13th biggest position. Stephens Investment Management Group LLC owned about 1.01% of Guidewire Software worth $58,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. D.A. Davidson & CO. lifted its stake in Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,476 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 purchasing an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after purchasing an additional 794 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 purchasing an additional 283 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $200,000.

Guidewire Software, Inc. (GWRE) traded up $0.31 during mid-day trading on Monday, hitting $81.49. The company had a trading volume of 513,300 shares, compared to its average volume of 441,969. The firm has a market cap of $6,140.00, a price-to-earnings ratio of 194.02, a PEG ratio of 25.80 and a beta of 1.23. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $83.47.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. The business 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 firm’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. sell-side analysts predict that Guidewire Software, Inc. will post 0.2 EPS for the current fiscal year.

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Several research analysts have weighed in on the company. KeyCorp reaffirmed a “buy” rating and set a $86.00 price target on shares of Guidewire Software in a research report on Friday, September 29th. TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a research report on Wednesday, September 6th. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Guidewire Software has a consensus rating of “Buy” and an average price target of $80.11.

In related news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 139,139 shares in the company, valued at approximately $10,506,385.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $79.23, for a total value of $47,538.00. Following the completion of the sale, the director now owns 8,847 shares of the company’s stock, valued at $700,947.81. The disclosure for this sale can be found here. Insiders have sold a total of 113,621 shares of company stock worth $8,821,024 over the last three months. 0.69% of the stock is owned by insiders.

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.

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

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