Quadrant Capital Group LLC boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 513.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,141 shares of the technology company’s stock after purchasing an additional 955 shares during the quarter. Quadrant Capital Group LLC’s holdings in Guidewire Software were worth $71,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank increased its holdings in shares of Guidewire Software by 261.7% during the fourth quarter. Huntington National Bank now owns 463 shares of the technology company’s stock valued at $29,000 after acquiring an additional 335 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in shares of Guidewire Software by 41.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 597 shares of the technology company’s stock valued at $37,000 after acquiring an additional 176 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Guidewire Software by 16.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,324 shares of the technology company’s stock valued at $83,000 after acquiring an additional 190 shares in the last quarter. Covestor Ltd increased its holdings in shares of Guidewire Software by 1,302.8% during the first quarter. Covestor Ltd now owns 996 shares of the technology company’s stock valued at $94,000 after acquiring an additional 925 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Guidewire Software by 62.9% during the third quarter. Signaturefd LLC now owns 1,632 shares of the technology company’s stock valued at $100,000 after acquiring an additional 630 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Guidewire Software from $72.00 to $75.00 in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $95.00 target price on shares of Guidewire Software in a research report on Tuesday, March 7th. Citigroup lifted their target price on Guidewire Software from $67.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, March 7th. StockNews.com initiated coverage on Guidewire Software in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their target price on Guidewire Software from $60.00 to $65.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Hold” and an average price target of $85.09.
Guidewire Software Stock Performance
Guidewire Software (NYSE:GWRE – Get Rating) last issued its quarterly earnings results on Monday, March 6th. The technology company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.17). Guidewire Software had a negative net margin of 17.63% and a negative return on equity of 11.93%. The firm had revenue of $232.61 million for the quarter, compared to analysts’ expectations of $222.13 million. On average, research analysts anticipate that Guidewire Software, Inc. will post -1.74 EPS for the current year.
Insider Activity at Guidewire Software
In related news, insider John P. Mullen sold 11,576 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $77.17, for a total transaction of $893,319.92. Following the sale, the insider now directly owns 131,533 shares in the company, valued at approximately $10,150,401.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider John P. Mullen sold 11,576 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $77.17, for a total transaction of $893,319.92. Following the sale, the insider now directly owns 131,533 shares in the company, valued at approximately $10,150,401.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Priscilla Hung sold 1,941 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $77.17, for a total value of $149,786.97. Following the sale, the chief operating officer now owns 56,316 shares in the company, valued at $4,345,905.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,253 shares of company stock worth $2,024,289. 0.17% of the stock is owned by company insiders.
Guidewire Software Company Profile
Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.
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