Connable Office Inc. held its stake in Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, Holdings Channel reports. The firm owned 4,058 shares of the technology company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Guidewire Software were worth $279,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Guidewire Software by 51.4% in the first quarter. Wellington Management Group LLP now owns 6,377,813 shares of the technology company’s stock valued at $359,261,000 after buying an additional 2,165,143 shares in the last quarter. Vanguard Group Inc. boosted its stake in Guidewire Software by 4.8% in the first quarter. Vanguard Group Inc. now owns 5,693,314 shares of the technology company’s stock valued at $320,705,000 after buying an additional 261,105 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Guidewire Software by 5.8% in the first quarter. William Blair Investment Management LLC now owns 4,389,763 shares of the technology company’s stock valued at $247,275,000 after buying an additional 240,337 shares in the last quarter. Brown Capital Management LLC boosted its stake in Guidewire Software by 3.1% in the first quarter. Brown Capital Management LLC now owns 4,246,662 shares of the technology company’s stock valued at $239,214,000 after buying an additional 126,719 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Guidewire Software by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 3,875,527 shares of the technology company’s stock valued at $218,307,000 after buying an additional 148,196 shares in the last quarter.

Guidewire Software, Inc. (NYSE GWRE) opened at 68.36 on Friday. The stock has a 50 day moving average of $70.37 and a 200-day moving average of $62.16. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $73.36. The company has a market cap of $5.08 billion, a PE ratio of 498.98 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.19. The business had revenue of $123.44 million during the quarter, compared to analyst estimates of $104.55 million. Guidewire Software had a return on equity of 1.97% and a net margin of 2.19%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities research analysts anticipate that Guidewire Software, Inc. will post $0.85 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on GWRE shares. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co started coverage on shares of Guidewire Software in a research report on Tuesday, June 13th. They set an “overweight” rating for the company. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, July 12th. Piper Jaffray Companies raised shares of Guidewire Software from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $75.00 in a research report on Tuesday, June 13th. Finally, ValuEngine raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.25.

In other news, insider Ali Kheirolomoom sold 9,562 shares of Guidewire Software stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $65.00, for a total transaction of $621,530.00. Following the completion of the sale, the insider now owns 5,585 shares in the company, valued at approximately $363,025. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total value of $1,808,500.00. Following the sale, the chief executive officer now owns 164,139 shares of the company’s stock, valued at approximately $11,873,815.26. The disclosure for this sale can be found here. Insiders have sold a total of 117,359 shares of company stock valued at $8,031,618 in the last ninety days. Insiders own 0.96% of the company’s stock.

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

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