JARISLOWSKY FRASER Ltd Sells 5,260 Shares of Guidewire Software, Inc. $GWRE

JARISLOWSKY FRASER Ltd decreased its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 439,972 shares of the technology company’s stock after selling 5,260 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Guidewire Software were worth $101,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GWRE. Advisors Asset Management Inc. purchased a new stake in Guidewire Software in the 1st quarter worth approximately $25,000. Quarry LP purchased a new position in Guidewire Software during the first quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of Guidewire Software in the second quarter worth approximately $30,000. Rise Advisors LLC purchased a new stake in shares of Guidewire Software in the first quarter worth $31,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Guidewire Software during the 2nd quarter valued at $32,000.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,232 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $240,240.00. Following the transaction, the chief financial officer owned 72,969 shares of the company’s stock, valued at approximately $14,228,955. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 1,860 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total value of $362,700.00. Following the completion of the sale, the insider directly owned 33,702 shares of the company’s stock, valued at $6,571,890. This trade represents a 5.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 54,140 shares of company stock valued at $11,181,164. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GWRE. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. BTIG Research restated a “buy” rating and issued a $250.00 price target on shares of Guidewire Software in a research note on Wednesday, December 17th. The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, September 5th. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $271.29.

Guidewire Software Trading Down 6.6%

GWRE stock opened at $187.77 on Friday. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The firm’s 50-day moving average is $212.70 and its 200 day moving average is $224.76. The company has a market capitalization of $15.96 billion, a PE ratio of 178.83, a P/E/G ratio of 13.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same period last year, the firm posted $0.43 EPS. Guidewire Software’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.