UBS Asset Management Americas Inc. Acquires 7,178 Shares of Guidewire Software Inc (NYSE:GWRE)

UBS Asset Management Americas Inc. boosted its holdings in Guidewire Software Inc (NYSE:GWRE) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,171 shares of the technology company’s stock after acquiring an additional 7,178 shares during the quarter. UBS Asset Management Americas Inc. owned 0.11% of Guidewire Software worth $8,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CSat Investment Advisory L.P. bought a new stake in Guidewire Software in the second quarter valued at about $26,000. California State Teachers Retirement System grew its stake in Guidewire Software by 1.2% during the second quarter. California State Teachers Retirement System now owns 129,812 shares of the technology company’s stock worth $13,160,000 after buying an additional 1,486 shares during the last quarter. Vanguard Group Inc. grew its stake in Guidewire Software by 0.9% during the second quarter. Vanguard Group Inc. now owns 7,385,028 shares of the technology company’s stock worth $748,694,000 after buying an additional 64,125 shares during the last quarter. Sterling Capital Management LLC grew its stake in Guidewire Software by 115.4% during the second quarter. Sterling Capital Management LLC now owns 8,073 shares of the technology company’s stock worth $818,000 after buying an additional 4,325 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its stake in Guidewire Software by 8.9% during the second quarter. AMP Capital Investors Ltd now owns 33,367 shares of the technology company’s stock worth $3,344,000 after buying an additional 2,724 shares during the last quarter.

Several brokerages have weighed in on GWRE. DA Davidson upped their price objective on shares of Guidewire Software to $125.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. ValuEngine raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $116.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Guidewire Software currently has a consensus rating of “Hold” and a consensus target price of $108.57.

In other Guidewire Software news, insider James Winston King sold 4,188 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $104.09, for a total transaction of $435,928.92. Following the sale, the insider now directly owns 4,306 shares of the company’s stock, valued at approximately $448,211.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven P. Sherry sold 4,612 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total transaction of $492,469.36. Following the completion of the transaction, the insider now owns 5,605 shares in the company, valued at approximately $598,501.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,709 shares of company stock valued at $9,380,252. 0.69% of the stock is currently owned by corporate insiders.

Shares of GWRE stock opened at $105.02 on Friday. The firm’s 50 day moving average is $101.07 and its 200-day moving average is $100.99. Guidewire Software Inc has a 1 year low of $73.82 and a 1 year high of $113.34. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 166.70, a PEG ratio of 44.74 and a beta of 1.17. The company has a current ratio of 5.75, a quick ratio of 6.38 and a debt-to-equity ratio of 0.20.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.29. The company had revenue of $207.86 million during the quarter, compared to analysts’ expectations of $204.61 million. Guidewire Software had a net margin of 2.87% and a return on equity of 3.37%. Guidewire Software’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. On average, equities research analysts forecast that Guidewire Software Inc will post 0.18 earnings per share 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: Percentage Decliners

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

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