Guidewire Software, Inc. (NYSE:GWRE) Holdings Trimmed by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd lowered its position in shares of Guidewire Software, Inc. (NYSE:GWREFree Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 864,172 shares of the technology company’s stock after selling 88,860 shares during the quarter. JARISLOWSKY FRASER Ltd owned 1.05% of Guidewire Software worth $94,229,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. RiverPark Advisors LLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Guidewire Software during the third quarter valued at $25,000. Lindbrook Capital LLC lifted its holdings in shares of Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at $56,000. Finally, CWM LLC lifted its holdings in shares of Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after purchasing an additional 179 shares during the last quarter.

Guidewire Software Stock Performance

Guidewire Software stock traded down $0.43 during trading hours on Monday, reaching $120.92. 405,600 shares of the company were exchanged, compared to its average volume of 577,662. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of -195.03 and a beta of 1.14. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $115.10 and a 200 day moving average of $110.91. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $125.35.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. As a group, research analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GWRE shares. DA Davidson restated a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. Oppenheimer boosted their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Raymond James assumed coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target for the company. Finally, Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.11.

View Our Latest Analysis on Guidewire Software

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. Insiders sold a total of 10,785 shares of company stock worth $1,220,087 over the last three months. 0.38% of the stock is currently owned by insiders.

Guidewire Software Company Profile

(Free Report)

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

See Also

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

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