Guidewire Software, Inc. (GWRE) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,546 shares of the technology company’s stock after purchasing an additional 7,613 shares during the period. Dimensional Fund Advisors LP owned approximately 0.29% of Guidewire Software worth $14,673,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in GWRE. Legal & General Group Plc boosted its stake in shares of Guidewire Software by 253.0% during the 1st quarter. Legal & General Group Plc now owns 23,385 shares of the technology company’s stock worth $1,317,000 after purchasing an additional 16,760 shares during the period. BlackRock Inc. boosted its stake in shares of Guidewire Software by 33,371.0% during the 1st quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock worth $173,006,000 after purchasing an additional 3,062,124 shares during the period. Bank of America Corp DE boosted its stake in shares of Guidewire Software by 1.8% during the 1st quarter. Bank of America Corp DE now owns 228,259 shares of the technology company’s stock worth $12,857,000 after purchasing an additional 4,078 shares during the period. State Street Corp boosted its position in Guidewire Software by 3.3% in the 1st quarter. State Street Corp now owns 950,535 shares of the technology company’s stock valued at $53,547,000 after buying an additional 29,980 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Guidewire Software in the 2nd quarter valued at about $220,000.
In related news, insider Scott Roza sold 781 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total transaction of $54,927.73. Following the completion of the transaction, the insider now owns 998 shares in the company, valued at approximately $70,189.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total transaction of $42,198.00. Following the transaction, the director now owns 9,747 shares of the company’s stock, valued at approximately $685,506.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,194 shares of company stock valued at $8,854,115. Company insiders own 0.69% of the company’s stock.
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Shares of Guidewire Software, Inc. (GWRE) opened at $80.31 on Monday. Guidewire Software, Inc. has a twelve month low of $49.18 and a twelve month high of $83.47. The company has a market cap of $6,051.93, a PE ratio of 191.21, a PEG ratio of 24.22 and a beta of 1.23.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $168.61 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. equities analysts forecast that Guidewire Software, Inc. will post 0.21 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $80.00 price objective on shares of Guidewire Software in a research report on Sunday, August 27th. TheStreet cut shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $85.00 price objective (up from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Guidewire Software has an average rating of “Buy” and an average target price of $80.11.
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.
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