SG Americas Securities LLC grew its position in shares of Guidewire Software Inc (NYSE:GWRE) by 52.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,101 shares of the technology company’s stock after buying an additional 2,791 shares during the quarter. SG Americas Securities LLC’s holdings in Guidewire Software were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its holdings in Guidewire Software by 300.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 14,033 shares of the technology company’s stock worth $1,556,000 after purchasing an additional 10,525 shares during the period. Somerset Trust Co bought a new position in Guidewire Software in the 2nd quarter worth $338,000. Raymond James Trust N.A. raised its holdings in Guidewire Software by 24.2% in the 2nd quarter. Raymond James Trust N.A. now owns 8,253 shares of the technology company’s stock worth $915,000 after purchasing an additional 1,609 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Guidewire Software by 26.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,396 shares of the technology company’s stock worth $1,264,000 after purchasing an additional 2,350 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Guidewire Software by 25.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 144,023 shares of the technology company’s stock worth $15,965,000 after purchasing an additional 29,120 shares during the period.
In related news, Director Marcus Ryu sold 12,500 shares of Guidewire Software stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $119.46, for a total value of $1,493,250.00. Following the completion of the transaction, the director now owns 16,647 shares in the company, valued at $1,988,650.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 391 shares of Guidewire Software stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $106.44, for a total value of $41,618.04. Following the completion of the transaction, the chief financial officer now owns 1,116 shares of the company’s stock, valued at approximately $118,787.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,392 shares of company stock valued at $6,681,886. 0.37% of the stock is currently owned by company insiders.
A number of equities research analysts have commented on GWRE shares. Wells Fargo & Co raised their price target on Guidewire Software from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Thursday, June 4th. Guggenheim cut Guidewire Software from a “buy” rating to a “neutral” rating in a report on Friday, April 17th. DA Davidson raised their price target on Guidewire Software from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Robert W. Baird cut Guidewire Software from an “outperform” rating to a “neutral” rating and raised their price target for the company from $91.00 to $97.00 in a report on Wednesday, April 29th. Finally, BTIG Research raised their price target on Guidewire Software from $100.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Guidewire Software has a consensus rating of “Hold” and a consensus target price of $116.09.
Shares of Guidewire Software stock opened at $117.66 on Friday. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of -230.71 and a beta of 1.29. The business has a 50-day moving average price of $112.43 and a 200-day moving average price of $102.33. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.27. Guidewire Software Inc has a twelve month low of $71.64 and a twelve month high of $124.16.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. The company had revenue of $168.17 million during the quarter, compared to analyst estimates of $151.49 million. Guidewire Software had a positive return on equity of 0.02% and a negative net margin of 6.08%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share. On average, equities analysts expect that Guidewire Software Inc will post -0.13 EPS for the current fiscal year.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.
Further Reading: Economic Reports
Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.