Federated Hermes Inc. Boosts Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Federated Hermes Inc. boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,103 shares of the technology company’s stock after purchasing an additional 454 shares during the period. Federated Hermes Inc. owned about 0.15% of Guidewire Software worth $13,532,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after purchasing an additional 38,954 shares during the last quarter. Bamco Inc. NY lifted its stake in Guidewire Software by 0.6% in the third quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock valued at $561,499,000 after purchasing an additional 36,895 shares during the last quarter. Van ECK Associates Corp lifted its stake in Guidewire Software by 16.2% in the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock valued at $190,440,000 after purchasing an additional 294,631 shares during the last quarter. Invesco Ltd. raised its holdings in Guidewire Software by 141.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after acquiring an additional 1,079,268 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Guidewire Software by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,155 shares of the technology company’s stock valued at $45,644,000 after acquiring an additional 3,691 shares during the period.

Guidewire Software Trading Up 2.0 %

Guidewire Software stock opened at $109.77 on Tuesday. The stock has a market cap of $9.04 billion, a P/E ratio of -177.05 and a beta of 1.15. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The firm’s fifty day moving average price is $115.21 and its 200-day moving average price is $106.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Equities research analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,435 shares of company stock worth $1,053,821. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James assumed coverage on shares of Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price on the stock. Oppenheimer boosted their target price on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Guidewire Software 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.