Bamco Inc. NY Decreases Stock Position in Guidewire Software, Inc. $GWRE

Bamco Inc. NY lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,589,520 shares of the technology company’s stock after selling 78,162 shares during the period. Guidewire Software comprises approximately 3.6% of Bamco Inc. NY’s holdings, making the stock its 5th largest position. Bamco Inc. NY owned 6.64% of Guidewire Software worth $1,316,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GWRE. Linonia Partnership LP lifted its position in shares of Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after acquiring an additional 1,000,709 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Guidewire Software by 3,636.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after purchasing an additional 711,893 shares in the last quarter. Groupama Asset Managment boosted its stake in Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock worth $200,132,000 after purchasing an additional 600,000 shares during the period. Alliancebernstein L.P. boosted its stake in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after purchasing an additional 431,725 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Guidewire Software by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock valued at $2,100,838,000 after buying an additional 211,047 shares in the last quarter.

Guidewire Software Trading Up 0.3%

GWRE opened at $205.13 on Friday. The stock has a 50-day moving average of $225.34 and a 200 day moving average of $228.61. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The firm has a market cap of $17.44 billion, a P/E ratio of 195.36, a P/E/G ratio of 13.40 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GWRE. Raymond James Financial reissued an “outperform” rating and issued a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Oppenheimer boosted their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. DA Davidson reissued a “neutral” rating and set a $250.00 price objective on shares of Guidewire Software in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $272.92.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 798 shares of Guidewire Software stock in a transaction on Monday, November 17th. The shares were sold at an average price of $222.54, for a total transaction of $177,586.92. Following the completion of the transaction, the insider directly owned 37,019 shares of the company’s stock, valued at $8,238,208.26. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $210.87, for a total transaction of $295,218.00. Following the completion of the sale, the chief executive officer directly owned 248,158 shares in the company, valued at approximately $52,329,077.46. This represents a 0.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 112,342 shares of company stock worth $27,043,386 over the last three months. 0.46% of the stock is owned by insiders.

About Guidewire Software

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.