Eagle Asset Management Inc. Increases Holdings in Guidewire Software Inc (GWRE)

Eagle Asset Management Inc. raised its stake in Guidewire Software Inc (NYSE:GWRE) by 0.0% during the first quarter, Holdings Channel reports. The fund owned 892,151 shares of the technology company’s stock after purchasing an additional 436 shares during the quarter. Eagle Asset Management Inc.’s holdings in Guidewire Software were worth $86,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Tompkins Financial Corp bought a new stake in Guidewire Software in the 4th quarter valued at $29,000. Captrust Financial Advisors bought a new stake in Guidewire Software in the 4th quarter valued at $41,000. Rehmann Capital Advisory Group increased its holdings in Guidewire Software by 62.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock valued at $47,000 after acquiring an additional 224 shares during the last quarter. Bremer Trust National Association bought a new stake in Guidewire Software in the 4th quarter valued at $53,000. Finally, Parkside Financial Bank & Trust bought a new stake in Guidewire Software in the 4th quarter valued at $54,000.

In other Guidewire Software news, CEO Marcus Ryu sold 14,033 shares of Guidewire Software stock in a transaction on Friday, March 1st. The shares were sold at an average price of $92.21, for a total value of $1,293,982.93. Following the completion of the transaction, the chief executive officer now directly owns 15,354 shares of the company’s stock, valued at approximately $1,415,792.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Curtis Smith sold 2,105 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $94.96, for a total transaction of $199,890.80. Following the completion of the transaction, the chief financial officer now directly owns 4,179 shares of the company’s stock, valued at $396,837.84. The disclosure for this sale can be found here. Insiders sold a total of 70,350 shares of company stock valued at $6,902,923 over the last three months. Corporate insiders own 0.69% of the company’s stock.

Shares of NYSE:GWRE opened at $104.50 on Friday. Guidewire Software Inc has a 52 week low of $73.82 and a 52 week high of $108.05. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 1,161.11, a price-to-earnings-growth ratio of 30.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.45 and a quick ratio of 7.45.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Guidewire Software had a net margin of 5.56% and a return on equity of 3.59%. The business had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $159.73 million. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that Guidewire Software Inc will post 0.42 EPS for the current fiscal year.

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

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About Guidewire Software

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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