Nisa Investment Advisors LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 2,515 shares of the technology company’s stock, valued at approximately $206,000.
Several other hedge funds have also recently made changes to their positions in GWRE. Dark Forest Capital Management LP bought a new stake in Guidewire Software in the fourth quarter worth approximately $25,000. Huntington National Bank lifted its position in shares of Guidewire Software by 261.7% during the 4th quarter. Huntington National Bank now owns 463 shares of the technology company’s stock valued at $29,000 after acquiring an additional 335 shares during the period. Allworth Financial LP increased its stake in Guidewire Software by 52.1% in the first quarter. Allworth Financial LP now owns 397 shares of the technology company’s stock valued at $33,000 after purchasing an additional 136 shares in the last quarter. Western Pacific Wealth Management LP raised 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 purchasing an additional 176 shares during the period. Finally, HighMark Wealth Management LLC bought a new stake in Guidewire Software in the 1st quarter valued at about $40,000. 97.84% of the stock is owned by institutional investors.
Insider Activity
In other Guidewire Software news, insider James Winston King sold 1,050 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $71.12, for a total value of $74,676.00. Following the sale, the insider now directly owns 34,691 shares in the company, valued at approximately $2,467,223.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Guidewire Software news, insider James Winston King sold 1,050 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $71.12, for a total value of $74,676.00. Following the sale, the insider now owns 34,691 shares of the company’s stock, valued at approximately $2,467,223.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Priscilla Hung sold 1,981 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $71.13, for a total transaction of $140,908.53. Following the completion of the transaction, the chief operating officer now owns 52,154 shares in the company, valued at $3,709,714.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,187 shares of company stock worth $937,981. 0.30% of the stock is owned by company insiders.
Analyst Ratings Changes
Guidewire Software Price Performance
GWRE opened at $86.48 on Wednesday. Guidewire Software, Inc. has a twelve month low of $52.08 and a twelve month high of $86.79. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of -46.25 and a beta of 1.22. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $76.51 and a 200-day moving average price of $75.89.
Guidewire Software (NYSE:GWRE – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The technology company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.01). The company had revenue of $207.49 million for the quarter, compared to analysts’ expectations of $214.08 million. Guidewire Software had a negative return on equity of 12.14% and a negative net margin of 17.63%. During the same period last year, the company posted ($0.61) EPS. Equities analysts expect that Guidewire Software, Inc. will post -1.69 EPS for the current year.
Guidewire Software Profile
Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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.
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