IFM Investors Pty Ltd increases its position in Guidewire Software, Inc. (NYSE: GWRE)


IFM Investors Pty Ltd increased its stake in shares of Guidewire Software, Inc. (NYSE: GWREGet a rating) by 2.9% in the 1st quarter, according to the company in its most recent communication to the Securities & Exchange Commission. The company held 11,527 shares of the technology company after buying an additional 320 shares during the period. IFM Investors Pty Ltd’s holdings in Guidewire Software were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently changed their stock holdings. Principal Financial Group Inc. increased its stake in shares of Guidewire Software by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 5,088,234 shares of the technology company worth $578,723,000 after purchasing an additional 17,904 shares during the period. Skye Global Management LP increased its stake in Guidewire Software shares by 10.0% in the fourth quarter. Skye Global Management LP now owns 2,286,000 shares of the technology company worth $259,530,000 after purchasing an additional 208,000 shares during the period. William Blair Investment Management LLC increased its stake in Guidewire Software shares by 8.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,216,665 shares of the technology company worth $251,658,000 after purchasing an additional 172,751 shares during the period. Route One Investment Company LP increased its stake in Guidewire Software shares by 12.8% in the fourth quarter. Route One Investment Company LP now owns 1,958,980 shares of the technology company worth $222,403,000 after purchasing an additional 222,882 shares during the period. Finally, Jarislowsky Fraser Ltd increased its stake in Guidewire Software shares by 5.1% in the fourth quarter. Jarislowsky Fraser Ltd now owns 1,034,056 shares of the tech company worth $117,396,000 after purchasing an additional 50,061 shares during the period.

Guidewire Software Stock Performance

Guidewire Software Stock opened at $78.45 on Monday. The stock’s 50-day simple moving average is $75.36 and its two-hundred-day simple moving average is $84.44. The company has a debt ratio of 0.24, a quick ratio of 4.45 and a current ratio of 4.45. The stock has a market capitalization of $6.58 billion, a price-earnings ratio of -43.34 and a beta of 1.30. Guidewire Software, Inc. has a fifty-two week minimum of $69.06 and a fifty-two week maximum of $130.95.

Guidewire software (NYSE: GWREGet a rating) last released its quarterly results on Tuesday, June 7. The technology company reported ($0.61) EPS for the quarter, meeting analyst consensus estimates of ($0.61). Guidewire Software had a negative return on equity of 7.80% and a negative net margin of 18.86%. The company posted revenue of $197.45 million for the quarter, compared to $187.73 million expected by analysts. During the same period of the previous year, the company posted EPS ($0.39). The company’s revenue for the quarter increased 20.4% compared to the same quarter last year. As a group, analysts expect Guidewire Software, Inc. to post -1.9 earnings per share for the current fiscal year.

Wall Street analysts predict growth

Several research analysts have recently commented on the company. Oppenheimer reiterated an “insider” note on Guidewire Software’s stock in a Wednesday, July 27, report. StockNews.com downgraded Guidewire Software from a “hold” rating to a “sell” rating in a Saturday, June 18 report. Citigroup cut its price target on Guidewire Software from $89.00 to $88.00 and set a “neutral” rating on the stock in a Wednesday, June 8 report. Wells Fargo & Company cut its price target on Guidewire Software from $85.00 to $75.00 and set an “underweight” rating on the stock in a Wednesday, June 8 report. Finally, DA Davidson cut his price target on Guidewire Software to $114.00 and gave the stock an “na” rating in a Tuesday, May 24 report. Three research analysts gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, Guidewire Software currently has a consensus rating of “Hold” and an average target price of $107.36.

Insider Trading at Guidewire Software

In other news, Director Andrew William Fraser Brown sold 4,000 shares of the company in a transaction that took place on Thursday, June 23. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the sale, the director now directly owns 2,524 shares of the company, valued at approximately $187,129.36. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. In related news, the director Andrew William Fraser Brown sold 4,000 shares of the company in a transaction that took place on Thursday, June 23. The stock was sold at an average price of $74.14, for a total value of $296,560.00. As a result of the transaction, the administrator now directly owns 2,524 shares of the company, valued at approximately $187,129.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, CFO Jeffrey ElliottCooper sold 1,132 shares of the company in a transaction that took place on Tuesday, June 21. The shares were sold at an average price of $73.13, for a total value of $82,783.16. Following completion of the transaction, the CFO now directly owns 41,813 shares of the company, valued at $3,057,784.69. Disclosure of this sale can be found here. Insiders sold a total of 15,898 shares of the company valued at $1,157,541 over the past ninety days. 0.17% of the shares are currently held by company insiders.

About Guidewire Software

(Get a rating)

Guidewire Software, Inc provides software products to P&C insurers worldwide. The company offers Guidewire InsuranceSuite comprising the Guidewire PolicyCenter, BillingCenter and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that provides policy, billing and claims management functionality to insurers; and Guidewire InsuranceSuite for self-management.

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Institutional ownership by quarter for Guidewire Software (NYSE: GWRE)



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Robert D. Coleman