Walleye Capital LLC Acquires Shares of 4,823 Guidewire Software, Inc. (NYSE:GWRE)

Walleye Capital LLC bought a new position in Guidewire Software, Inc. (NYSE:GWREGet Rating) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,823 shares of the technology company’s stock, valued at approximately $342,000.

Several other institutional investors also recently modified their holdings of the business. Truist Financial Corp grew its position in Guidewire Software by 8.0% during the first quarter. Truist Financial Corp now owns 14,808 shares of the technology company’s stock valued at $1,402,000 after buying an additional 1,092 shares during the period. Belpointe Asset Management LLC bought a new position in shares of Guidewire Software during the 1st quarter valued at approximately $158,000. Park Avenue Securities LLC grew its position in shares of Guidewire Software by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 5,975 shares of the technology company’s stock valued at $565,000 after acquiring an additional 149 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Guidewire Software by 11.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 2,856 shares of the technology company’s stock worth $270,000 after purchasing an additional 295 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Guidewire Software by 2.4% in the 1st quarter. Arizona State Retirement System now owns 22,029 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 520 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price on Guidewire Software from $99.00 to $81.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th. Oppenheimer reaffirmed an “initiates” rating on shares of Guidewire Software in a report on Wednesday, July 27th. DA Davidson reduced their target price on shares of Guidewire Software from $114.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, August 30th. Citigroup dropped their price target on shares of Guidewire Software from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Guidewire Software from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, October 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $89.56.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 3,110 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $62.82, for a total value of $195,370.20. Following the completion of the transaction, the insider now owns 43,907 shares of the company’s stock, valued at approximately $2,758,237.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Guidewire Software news, insider James Winston King sold 3,110 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $195,370.20. Following the sale, the insider now owns 43,907 shares in the company, valued at $2,758,237.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 2,904 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $182,429.28. Following the completion of the transaction, the chief financial officer now owns 70,528 shares of the company’s stock, valued at $4,430,568.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,202 shares of company stock worth $2,588,310. Insiders own 0.30% of the company’s stock.

Guidewire Software Stock Down 2.0 %

Shares of NYSE:GWRE opened at $59.43 on Friday. The firm has a fifty day moving average price of $60.10 and a two-hundred day moving average price of $70.48. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -27.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.71 and a quick ratio of 3.71. Guidewire Software, Inc. has a one year low of $52.08 and a one year high of $123.88.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, September 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.02. Guidewire Software had a negative return on equity of 10.06% and a negative net margin of 22.20%. The company had revenue of $244.60 million during the quarter, compared to analyst estimates of $229.63 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that Guidewire Software, Inc. will post -1.54 EPS for the current fiscal year.

Guidewire Software Company Profile

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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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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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