Swiss National Bank Boosts Stake in Guidewire Software Inc (GWRE)

Swiss National Bank boosted its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,118 shares of the technology company’s stock after purchasing an additional 4,400 shares during the period. Swiss National Bank owned approximately 0.17% of Guidewire Software worth $10,598,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GWRE. Dimensional Fund Advisors LP raised its stake in shares of Guidewire Software by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 215,189 shares of the technology company’s stock valued at $16,754,000 after acquiring an additional 1,643 shares during the period. Bank of Montreal Can raised its stake in shares of Guidewire Software by 98.0% in the 4th quarter. Bank of Montreal Can now owns 6,530 shares of the technology company’s stock valued at $485,000 after acquiring an additional 3,232 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Guidewire Software by 6.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 348,836 shares of the technology company’s stock valued at $25,905,000 after acquiring an additional 21,742 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Guidewire Software in the 4th quarter valued at $363,000. Finally, SG Americas Securities LLC purchased a new position in shares of Guidewire Software in the 4th quarter valued at $2,872,000.

A number of equities analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, June 6th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $88.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, June 6th. Deutsche Bank raised their target price on shares of Guidewire Software from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 6th. KeyCorp raised their target price on shares of Guidewire Software from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, June 6th. Finally, Piper Jaffray Companies raised their target price on shares of Guidewire Software to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, June 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $94.11.

Guidewire Software traded up $0.06, hitting $92.29, during midday trading on Thursday, MarketBeat Ratings reports. 760,562 shares of the stock were exchanged, compared to its average volume of 592,370. Guidewire Software Inc has a 1 year low of $65.89 and a 1 year high of $96.19. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 230.73, a price-to-earnings-growth ratio of 203.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.97 and a quick ratio of 5.97.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $140.47 million for the quarter, compared to the consensus estimate of $137.31 million. Guidewire Software had a negative net margin of 12.83% and a positive return on equity of 0.30%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. analysts forecast that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

In other Guidewire Software news, COO Priscilla Hung sold 2,689 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $84.10, for a total transaction of $226,144.90. Following the completion of the transaction, the chief operating officer now directly owns 4,911 shares of the company’s stock, valued at approximately $413,015.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marcus Ryu sold 7,383 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $83.99, for a total transaction of $620,098.17. Following the transaction, the chief executive officer now directly owns 35,970 shares of the company’s stock, valued at $3,021,120.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,487 shares of company stock valued at $4,315,717. 0.69% of the stock is owned by company insiders.

Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

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

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