Avalon Advisors LLC Buys Shares of 24,276 Guidewire Software Inc (GWRE)

Avalon Advisors LLC bought a new position in Guidewire Software Inc (NYSE:GWRE) during the first quarter, HoldingsChannel reports. The fund bought 24,276 shares of the technology company’s stock, valued at approximately $2,359,000.

Other hedge funds also recently modified their holdings of the company. Tompkins Financial Corp bought a new position in Guidewire Software in the 4th quarter worth about $29,000. Captrust Financial Advisors bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $41,000. Rehmann Capital Advisory Group boosted its stake in shares of Guidewire Software by 62.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock valued at $47,000 after purchasing an additional 224 shares in the last quarter. Bremer Trust National Association bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $53,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $54,000.

A number of equities analysts have recently issued reports on GWRE shares. Piper Jaffray Companies downgraded shares of Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $90.00 in a research note on Monday, March 4th. Goldman Sachs Group reiterated a “buy” rating on shares of Guidewire Software in a research note on Friday, February 1st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software has an average rating of “Buy” and a consensus price target of $106.40.

In other Guidewire Software news, CFO Curtis Smith sold 2,105 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $94.96, for a total value of $199,890.80. Following the completion of the sale, the chief financial officer now directly owns 4,179 shares in the company, valued at $396,837.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $88.18, for a total transaction of $1,763,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,350 shares of company stock valued at $6,557,323. 0.69% of the stock is owned by insiders.

NYSE GWRE opened at $105.63 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45. Guidewire Software Inc has a 52-week low of $73.82 and a 52-week high of $107.79. The company has a market cap of $8.68 billion, a PE ratio of 1,173.67, a price-to-earnings-growth ratio of 30.65 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.15. The firm had revenue of $169.30 million for the quarter, compared to the consensus estimate of $159.73 million. Guidewire Software had a net margin of 5.56% and a return on equity of 3.59%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Guidewire Software Inc will post 0.42 earnings per share for the current year.

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Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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