Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Lowered by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353 shares of the technology company’s stock after selling 60 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Guidewire Software were worth $65,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Acadian Asset Management LLC boosted its holdings in shares of Guidewire Software by 91.3% in the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock worth $833,000 after buying an additional 3,409 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Guidewire Software by 7.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,096 shares of the technology company’s stock valued at $478,000 after purchasing an additional 271 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Guidewire Software by 2.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,453 shares of the technology company’s stock valued at $3,208,000 after purchasing an additional 619 shares during the period. Natixis acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $166,000. Finally, Magnetar Financial LLC acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $588,000.

Insider Buying and Selling

In related news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the sale, the insider now directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,601 shares of company stock valued at $9,116,179. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Guidewire Software in a report on Tuesday, November 19th. Oppenheimer upped their target price on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, Citigroup lifted their price target on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.69.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $202.82 on Friday. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of -2,534.93, a P/E/G ratio of 51.70 and a beta of 1.18. The business’s 50-day simple moving average is $186.35 and its 200-day simple moving average is $155.16. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $202.99.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.