Vident Investment Advisory LLC acquired a new position in shares of Guidewire Software Inc (NYSE:GWRE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,897 shares of the technology company’s stock, valued at approximately $613,000.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. M&T Bank Corp acquired a new stake in Guidewire Software during the first quarter worth about $282,000. Schwab Charles Investment Management Inc. increased its position in shares of Guidewire Software by 12.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 393,724 shares of the technology company’s stock valued at $31,825,000 after acquiring an additional 44,888 shares during the last quarter. Aperio Group LLC increased its position in shares of Guidewire Software by 7.3% during the first quarter. Aperio Group LLC now owns 9,473 shares of the technology company’s stock valued at $766,000 after acquiring an additional 642 shares during the last quarter. Northern Trust Corp increased its position in shares of Guidewire Software by 4.2% during the first quarter. Northern Trust Corp now owns 378,188 shares of the technology company’s stock valued at $30,569,000 after acquiring an additional 15,172 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Guidewire Software by 105,960.6% during the first quarter. Federated Investors Inc. PA now owns 175,000 shares of the technology company’s stock valued at $14,145,000 after acquiring an additional 174,835 shares during the last quarter.

Guidewire Software stock traded up $1.75 during trading on Friday, reaching $88.78. The stock had a trading volume of 1,109,566 shares, compared to its average volume of 667,123. The company has a market capitalization of $8.14 billion, a P/E ratio of 986.44, a P/E/G ratio of 49.51 and a beta of 1.19. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21. Guidewire Software Inc has a 52-week low of $70.06 and a 52-week high of $107.79.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.05. The business had revenue of $248.60 million during the quarter, compared to the consensus estimate of $238.86 million. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The company’s revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, research analysts anticipate that Guidewire Software Inc will post 0.26 earnings per share for the current fiscal year.

Several research analysts have recently commented on GWRE shares. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Tuesday. Deutsche Bank raised their price objective on shares of Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. KeyCorp raised their price objective on shares of Guidewire Software from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, September 21st. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software to $117.00 and gave the company an “overweight” rating in a research note on Friday, September 21st. Finally, Citigroup started coverage on shares of Guidewire Software in a research note on Tuesday, September 4th. They issued a “neutral” rating and a $101.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.90.

In other news, COO Priscilla Hung sold 4,956 shares of Guidewire Software stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $103.68, for a total value of $513,838.08. Following the transaction, the chief operating officer now directly owns 7,498 shares of the company’s stock, valued at approximately $777,392.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction on Monday, July 16th. The shares were sold at an average price of $95.28, for a total transaction of $38,112.00. Following the completion of the transaction, the director now directly owns 9,393 shares in the company, valued at $894,965.04. The disclosure for this sale can be found here. Insiders have sold a total of 88,630 shares of company stock valued at $8,733,135 in the last 90 days. Insiders own 0.69% of the company’s stock.

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

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