Dupont Capital Management Corp reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,432 shares of the technology company’s stock after selling 1,934 shares during the period. Dupont Capital Management Corp’s holdings in Guidewire Software were worth $579,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Guidewire Software by 1.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock worth $406,000 after purchasing an additional 63 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Guidewire Software by 1.0% during the second quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock worth $562,000 after acquiring an additional 78 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after acquiring an additional 150 shares in the last quarter. Aperio Group LLC lifted its holdings in Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after acquiring an additional 269 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guidewire Software by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after acquiring an additional 283 shares in the last quarter.
In related news, insider Scott Roza sold 781 shares of Guidewire Software stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total value of $54,927.73. Following the sale, the insider now owns 998 shares of the company’s stock, valued at $70,189.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ali Kheirolomoom sold 2,047 shares of Guidewire Software stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $77.06, for a total value of $157,741.82. Following the completion of the sale, the insider now directly owns 1,941 shares in the company, valued at approximately $149,573.46. The disclosure for this sale can be found here. Insiders sold a total of 114,402 shares of company stock worth $8,868,594 in the last three months. Company insiders own 0.96% of the company’s stock.
Shares of Guidewire Software, Inc. (NYSE:GWRE) opened at $80.31 on Friday. Guidewire Software, Inc. has a 12 month low of $49.18 and a 12 month high of $83.47. The stock has a market capitalization of $6,051.92, a PE ratio of 191.21, a price-to-earnings-growth ratio of 16.81 and a beta of 1.23.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $168.61 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. equities research analysts anticipate that Guidewire Software, Inc. will post 0.21 earnings per share for the current year.
GWRE has been the topic of several recent analyst reports. KeyCorp reiterated a “buy” rating and set a $75.00 target price on shares of Guidewire Software in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 target price on shares of Guidewire Software in a report on Sunday, August 27th. Citigroup Inc. reiterated a “buy” rating and set a $85.00 target price (up from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. Bank of America Corporation lifted their target price on Guidewire Software from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Guidewire Software has an average rating of “Buy” and an average price target of $80.11.
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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