Blair William & Co. IL lessened its position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,134,551 shares of the technology company’s stock after selling 23,492 shares during the quarter. Blair William & Co. IL’s holdings in Guidewire Software were worth $228,056,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in GWRE. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the first quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software during the 3rd quarter valued at about $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Guidewire Software in the 4th quarter valued at about $36,000. Harbour Investments Inc. boosted its stake in shares of Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Guidewire Software by 82.4% during the 3rd quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock worth $62,000 after buying an additional 122 shares during the period.
Guidewire Software Stock Performance
Shares of NYSE:GWRE opened at $117.50 on Wednesday. The firm’s 50 day simple moving average is $136.21 and its 200 day simple moving average is $155.98. Guidewire Software, Inc. has a fifty-two week low of $113.67 and a fifty-two week high of $272.60. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 63.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on GWRE shares. Royal Bank Of Canada dropped their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Citizens Jmp lowered their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a report on Friday, June 5th. BTIG Research reiterated a “buy” rating and set a $200.00 target price on shares of Guidewire Software in a research report on Tuesday, June 2nd. DA Davidson cut their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $229.00.
Read Our Latest Stock Analysis on GWRE
Insiders Place Their Bets
In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the transaction, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 4,292 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $509,632.08. Following the sale, the president directly owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,361 shares of company stock worth $3,657,757 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.
Guidewire Software Profile
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
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