GSA Capital Partners LLP Increases Position in Guidewire Software, Inc. (GWRE)

GSA Capital Partners LLP boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 73.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,870 shares of the technology company’s stock after buying an additional 3,747 shares during the period. GSA Capital Partners LLP’s holdings in Guidewire Software were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aperio Group LLC grew its position in Guidewire Software by 5.3% in the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after acquiring an additional 269 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Guidewire Software by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 279,346 shares of the technology company’s stock worth $15,736,000 after purchasing an additional 12,434 shares during the last quarter. BlackRock Inc. lifted its stake in Guidewire Software by 3.4% in the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Guidewire Software by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock valued at $406,000 after acquiring an additional 63 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of Guidewire Software during the second quarter valued at about $4,150,000.

A number of equities analysts recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $80.00 price objective on shares of Guidewire Software in a report on Sunday, August 27th. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. TheStreet downgraded shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation increased their price objective on shares of Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $80.22.

In other Guidewire Software news, insider Scott Roza sold 782 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $78.51, for a total value of $61,394.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Polelle sold 625 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $77.87, for a total value of $48,668.75. Following the completion of the transaction, the insider now directly owns 4,912 shares in the company, valued at $382,497.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,870 shares of company stock valued at $8,738,930. 0.96% of the stock is owned by company insiders.

Shares of Guidewire Software, Inc. (NYSE GWRE) opened at 77.21 on Wednesday. The company’s 50-day moving average is $77.49 and its 200-day moving average is $68.97. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 275.75 and a beta of 1.22. Guidewire Software, Inc. has a one year low of $49.18 and a one year high of $81.46.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.39 by $0.20. The company had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $168.61 million. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, equities analysts predict that Guidewire Software, Inc. will post $0.98 EPS for the current year.

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Guidewire Software Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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

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