Westfield Capital Management Co. LP lessened its holdings in shares of Guidewire Software Inc (NYSE:GWRE) by 1.3% in the first quarter, HoldingsChannel.com reports. The firm owned 440,106 shares of the technology company’s stock after selling 5,860 shares during the period. Westfield Capital Management Co. LP’s holdings in Guidewire Software were worth $42,761,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Guidewire Software in the fourth quarter worth about $114,000. Boston Family Office LLC lifted its holdings in shares of Guidewire Software by 27.0% in the fourth quarter. Boston Family Office LLC now owns 2,705 shares of the technology company’s stock worth $217,000 after buying an additional 575 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Guidewire Software by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 153,323 shares of the technology company’s stock worth $14,853,000 after buying an additional 9,005 shares in the last quarter. Bray Capital Advisors purchased a new stake in shares of Guidewire Software in the fourth quarter worth about $225,000. Finally, Wisconsin Capital Management LLC purchased a new stake in shares of Guidewire Software in the fourth quarter worth about $2,415,000.
GWRE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Piper Jaffray Companies raised their target price on shares of Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $107.40.
In other Guidewire Software news, COO Priscilla Hung sold 3,536 shares of Guidewire Software stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $94.70, for a total transaction of $334,859.20. Following the transaction, the chief operating officer now directly owns 7,418 shares of the company’s stock, valued at $702,484.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Polelle sold 2,732 shares of Guidewire Software stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total transaction of $258,720.40. Following the transaction, the insider now directly owns 5,449 shares in the company, valued at $516,020.30. The disclosure for this sale can be found here. Insiders sold 76,317 shares of company stock worth $7,539,740 over the last ninety days. 0.69% of the stock is currently owned by insiders.
GWRE traded down $0.51 on Friday, reaching $97.32. The company had a trading volume of 9,729 shares, compared to its average volume of 871,016. The company has a market capitalization of $7.99 billion, a P/E ratio of 1,081.33, a P/E/G ratio of 21.69 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.38 and a quick ratio of 7.45. Guidewire Software Inc has a 52-week low of $73.82 and a 52-week high of $109.06.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. The business had revenue of $162.90 million for the quarter, compared to the consensus estimate of $155.23 million. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. Guidewire Software’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Guidewire Software Inc will post 0.48 earnings per share for the current year.
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Guidewire Software Company Profile
Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.
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