The Manufacturers Life Insurance Company Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

The Manufacturers Life Insurance Company bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,721 shares of the technology company’s stock, valued at approximately $222,000.

Other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd boosted its position in shares of Guidewire Software by 17.3% in the fourth quarter. IFM Investors Pty Ltd now owns 8,107 shares of the technology company’s stock valued at $1,044,000 after acquiring an additional 1,198 shares during the period. NEXT Financial Group Inc boosted its position in shares of Guidewire Software by 258.1% in the fourth quarter. NEXT Financial Group Inc now owns 11,760 shares of the technology company’s stock valued at $1,514,000 after acquiring an additional 8,476 shares during the period. Buckhead Capital Management LLC lifted its position in Guidewire Software by 10.3% during the fourth quarter. Buckhead Capital Management LLC now owns 17,348 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 1,616 shares during the period. Fiera Capital Corp lifted its position in Guidewire Software by 0.9% during the fourth quarter. Fiera Capital Corp now owns 295,474 shares of the technology company’s stock worth $38,036,000 after purchasing an additional 2,544 shares during the period. Finally, US Bancorp DE lifted its position in Guidewire Software by 15.5% during the fourth quarter. US Bancorp DE now owns 13,125 shares of the technology company’s stock worth $1,690,000 after purchasing an additional 1,761 shares during the period.

In other Guidewire Software news, COO Priscilla Hung sold 3,288 shares of the stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $101.96, for a total transaction of $335,244.48. Following the completion of the sale, the chief operating officer now owns 6,824 shares of the company’s stock, valued at approximately $695,775.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcus Ryu sold 5,273 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $101.94, for a total transaction of $537,529.62. Following the sale, the director now directly owns 23,179 shares of the company’s stock, valued at approximately $2,362,867.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,312 shares of company stock valued at $2,008,962. Insiders own 0.12% of the company’s stock.

Shares of NYSE GWRE opened at $104.67 on Thursday. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $8.76 billion, a price-to-earnings ratio of -268.38 and a beta of 1.36. Guidewire Software, Inc. has a 12 month low of $83.66 and a 12 month high of $134.21. The stock has a 50-day moving average price of $105.11 and a two-hundred day moving average price of $114.70.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, March 3rd. The technology company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.12. The firm had revenue of $180.06 million during the quarter, compared to the consensus estimate of $170.28 million. Guidewire Software had a positive return on equity of 0.81% and a negative net margin of 4.29%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, sell-side analysts predict that Guidewire Software, Inc. will post -1 earnings per share for the current year.

Several research firms recently weighed in on GWRE. Citigroup cut their price objective on shares of Guidewire Software from $120.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, March 11th. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating and set a $106.00 price objective for the company in a research report on Wednesday, March 10th. Finally, Needham & Company LLC cut their price objective on shares of Guidewire Software from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $121.40.

Guidewire Software Company Profile

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.

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

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