Acadian Asset Management LLC announced in its latest 13F filing with the Securities and Exchange Commission (SEC) that it increased its holdings in Guidewire Software, Inc. (NYSE:GWRE – free report ) by 91.3% during the first quarter. The institutional investor bought an additional 3,409 shares during the quarter, bringing its holdings in the technology company to 7,144 shares. Acadian Asset Management LLC’s holdings in Guidewire Software stock were valued at $833,000 as of the latest filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings in the company. The Vanguard Group increased its holdings in shares of Guidewire Software by 0.8% in the first quarter. The Vanguard Group purchased an additional 67,439 shares in the last quarter and now owns 8,134,952 shares of the company, valued at $949.43 million. Greenstone Partners & Company LLC increased its holdings in Guidewire Software by 11.0% in the first quarter. Greenstone Partners & Company LLC now owns 181,689 shares of the company, valued at $21.205 million, after purchasing an additional 18,050 shares in the last quarter. Blair, William & Company IL increased its holdings in Guidewire Software by 5.4% in the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after purchasing an additional 64,149 shares in the last quarter. Fortis Capital Advisors LLC increased its holding in shares of Guidewire Software by 184.3% in the first quarter. Fortis Capital Advisors LLC now owns 8,219 shares of the technology company’s stock valued at $959,000 after purchasing an additional 5,328 shares in the last quarter. Finally, Florida State Retirement System Trustee increased its holding in shares of Guidewire Software by 4.7% in the first quarter. Florida Retirement System Trustee now owns 96,324 shares of the technology company’s stock valued at $11,242,000 after purchasing an additional 4,330 shares in the last quarter.
Internal Activities at Guidewire Software
In related news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the CEO now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The transaction was disclosed in a Securities and Exchange Commission filing, which can be accessed through this hyperlink. In related news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the CEO now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The transaction was disclosed in a Securities and Exchange Commission filing, which can be accessed through this link. Additionally, insider John P. Mullen sold 1,350 shares of Guidewire Software 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 sale, 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 have sold 13,064 shares of the company’s stock in the last three months, valued at $1,747,850. 0.38% of the stock is owned by company insiders.
Guidewire Software’s volume rises 2.3%
NYSE:GWRE opened trading at $147.98 on Friday. Guidewire Software, Inc.’s low and high prices over the past 12 months are $78.05 and $148.36, respectively. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of -1,138.22 and a beta of 1.19. The stock’s 50-day simple moving average is $132.70 and its 200-day simple moving average is $120.89.
Guidewire Software (NYSE:GWRE – Get free report ) announced its latest earnings results on Tuesday, June 4th. The technology company reported quarterly earnings per share of ($0.09), beating the consensus estimate of ($0.23) by $0.14. The business had revenue of $240.68 million for the quarter, beating the consensus estimate of $231.46 million. Guidewire Software had a return on equity of -1.19% and a net margin of -1.11%. Equity research analysts expect Guidewire Software to post earnings per share of -$0.31 for the current fiscal year.
Wall Street analysts predict growth
GWRE has been the subject of a number of research reports recently. Robert W. Baird increased their price target on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Wells Fargo & Company increased their price target on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Stifel Nicolaus increased their price target on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada boosted their price objective on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, JPMorgan Chase boosted their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One analyst has rated the stock as a sell, two have rated it as a hold, and eleven have rated it as a buy. According to MarketBeat data, Guidewire Software currently has a consensus rating of a “moderate buy” with a consensus price target of $137.31.
Read the latest report on GWRE
Guidewire Software Profile
(Free report)
Guidewire Software, Inc. provides a platform to property and casualty insurance companies worldwide. The company offers Guidewire InsuranceSuite Cloud, which includes PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications, Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy, billing and claims management capabilities, and Guidewire InsuranceSuite for Self-Managed.
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