Two Sigma Advisers LP purchased a new position in Guidewire Software Inc (NYSE:GWRE) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 70,741 shares of the company’s stock, valued at approximately $4,243,000. Two Sigma Advisers LP owned 0.10% of Guidewire Software at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of GWRE. Public Employees Retirement Association of Colorado raised its stake in shares of Guidewire Software by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 174,641 shares of the company’s stock worth $10,786,000 after buying an additional 2,322 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Guidewire Software during the second quarter worth about $963,000. Brown Capital Management LLC raised its stake in shares of Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock worth $154,756,000 after buying an additional 340,121 shares during the last quarter. Airain ltd acquired a new stake in shares of Guidewire Software during the second quarter worth about $946,000. Finally, William Blair Investment Management LLC raised its stake in shares of Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock worth $317,255,000 after buying an additional 192,866 shares during the last quarter.
Guidewire Software Inc (NYSE:GWRE) traded up 0.89% during midday trading on Friday, reaching $54.57. The company’s stock had a trading volume of 217,885 shares. The stock has a 50 day moving average of $52.28 and a 200 day moving average of $57.17. The firm has a market capitalization of $4.01 billion and a PE ratio of 500.64. Guidewire Software Inc has a 52 week low of $43.03 and a 52 week high of $64.00.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, November 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The firm earned $94.10 million during the quarter. During the same quarter in the prior year, the business earned $0.07 EPS. Guidewire Software’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software Inc will post $0.72 earnings per share for the current fiscal year.
Several research firms have recently weighed in on GWRE. Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Monday, November 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research note on Wednesday, November 30th. TheStreet lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, Piper Jaffray Companies lowered Guidewire Software from an “overweight” rating to a “neutral” rating in a research note on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.14.
In other Guidewire Software news, General Counsel James Winston King sold 562 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $59.13, for a total value of $33,231.06. Following the transaction, the general counsel now owns 225 shares in the company, valued at $13,304.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Roza sold 3,715 shares of the business’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $50.43, for a total value of $187,347.45. Following the completion of the transaction, the insider now owns 4,239 shares in the company, valued at approximately $213,772.77. The disclosure for this sale can be found here. Insiders sold 43,361 shares of company stock worth $2,299,762 in the last 90 days.
About Guidewire Software
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.
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