ETF Managers Group LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,139 shares of the technology company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after acquiring an additional 96,478 shares during the period. BlackRock Inc. increased its stake in shares of Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after acquiring an additional 103,707 shares during the period. Champlain Investment Partners LLC increased its stake in shares of Guidewire Software by 25.3% during the first quarter. Champlain Investment Partners LLC now owns 2,156,880 shares of the technology company’s stock worth $121,497,000 after acquiring an additional 435,600 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Guidewire Software during the second quarter worth about $113,628,000. Finally, Blair William & Co. IL increased its stake in shares of Guidewire Software by 2.7% during the second quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock worth $77,941,000 after acquiring an additional 29,439 shares during the period.

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In related news, CFO Richard Hart sold 375 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $77.40, for a total transaction of $29,025.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $78.56, for a total transaction of $1,964,000.00. Following the transaction, the chief executive officer now directly owns 149,678 shares in the company, valued at approximately $11,758,703.68. The disclosure for this sale can be found here. Insiders sold 125,419 shares of company stock valued at $9,462,648 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Guidewire Software, Inc. (NYSE GWRE) traded up 0.99% during trading on Friday, reaching $78.24. 550,923 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 279.43 and a beta of 1.22. The company’s 50 day moving average price is $76.30 and its 200-day moving average price is $67.97. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $81.46.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.39 by $0.20. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. On average, equities analysts expect that Guidewire Software, Inc. will post $1.03 EPS for the current year.

GWRE has been the topic of several recent analyst reports. KeyCorp restated a “buy” rating and set a $86.00 target price on shares of Guidewire Software in a research report on Friday, September 29th. Stifel Nicolaus upped their target price on shares of Guidewire Software from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. J P Morgan Chase & Co initiated coverage on shares of Guidewire Software in a research report on Tuesday, June 13th. They set an “overweight” rating on the stock. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $80.67.

Guidewire Software Company Profile

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.

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

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