Rhumbline Advisers Has $5.33 Million Position in Guidewire Software, Inc. (GWRE)
Rhumbline Advisers lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,542 shares of the technology company’s stock after selling 7,298 shares during the period. Rhumbline Advisers owned 0.10% of Guidewire Software worth $5,328,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Israel Discount Bank of New York purchased a new stake in Guidewire Software during the first quarter worth approximately $104,000. Tower Research Capital LLC TRC boosted its stake in Guidewire Software by 424.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after buying an additional 2,105 shares during the last quarter. First Trust Advisors LP purchased a new stake in Guidewire Software during the second quarter worth approximately $214,000. Fox Run Management L.L.C. purchased a new stake in Guidewire Software during the second quarter worth approximately $220,000. Finally, SG Americas Securities LLC boosted its stake in Guidewire Software by 28.6% in the first quarter. SG Americas Securities LLC now owns 3,814 shares of the technology company’s stock worth $215,000 after buying an additional 848 shares during the last quarter.
Shares of Guidewire Software, Inc. (GWRE) opened at 75.71 on Friday. The company has a 50-day moving average of $71.50 and a 200 day moving average of $64.18. Guidewire Software, Inc. has a one year low of $49.18 and a one year high of $76.14. The stock has a market cap of $5.63 billion, a PE ratio of 552.63 and a beta of 1.27.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 1st. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $123.44 million during the quarter, compared to analyst estimates of $104.55 million. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. Guidewire Software’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts predict that Guidewire Software, Inc. will post $0.85 earnings per share for the current year.
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A number of equities research analysts have recently commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price target on shares of Guidewire Software in a report on Sunday, August 27th. KeyCorp reiterated a “buy” rating and set a $75.00 price target on shares of Guidewire Software in a report on Friday, August 25th. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.78.
In other Guidewire Software news, insider Scott Roza sold 780 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $66.56, for a total transaction of $51,916.80. Following the transaction, the insider now owns 5,740 shares in the company, valued at approximately $382,054.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Hart sold 375 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $69.26, for a total transaction of $25,972.50. Following the transaction, the chief financial officer now owns 3,880 shares in the company, valued at approximately $268,728.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,578 shares of company stock valued at $5,945,455. 0.96% of the stock is currently owned by company insiders.
About Guidewire Software
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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