Guidewire Software Inc (GWRE) Shares Bought by Oppenheimer Asset Management Inc.

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Oppenheimer Asset Management Inc. boosted its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 5.4% during the 2nd quarter, Holdings Channel reports. The firm owned 12,232 shares of the technology company’s stock after acquiring an additional 630 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Guidewire Software were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its position in Guidewire Software by 26.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,709 shares of the technology company’s stock worth $240,000 after purchasing an additional 569 shares during the last quarter. Aperio Group LLC grew its position in Guidewire Software by 7.3% during the 1st quarter. Aperio Group LLC now owns 9,473 shares of the technology company’s stock worth $766,000 after purchasing an additional 642 shares during the last quarter. Peregrine Capital Management LLC grew its position in Guidewire Software by 0.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 209,462 shares of the technology company’s stock worth $18,596,000 after purchasing an additional 673 shares during the last quarter. Legal & General Group Plc grew its position in Guidewire Software by 1.9% during the 1st quarter. Legal & General Group Plc now owns 40,292 shares of the technology company’s stock worth $3,256,000 after purchasing an additional 733 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Guidewire Software by 12.7% during the 1st quarter. D.A. Davidson & CO. now owns 6,652 shares of the technology company’s stock worth $538,000 after purchasing an additional 747 shares during the last quarter.

In related news, CEO Marcus Ryu sold 20,000 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $87.14, for a total transaction of $1,742,800.00. Following the sale, the chief executive officer now directly owns 20,276 shares of the company’s stock, valued at $1,766,850.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Conway sold 400 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $91.89, for a total transaction of $36,756.00. Following the sale, the director now directly owns 9,593 shares in the company, valued at $881,500.77. The disclosure for this sale can be found here. Insiders sold a total of 76,843 shares of company stock worth $7,093,729 over the last ninety days. Insiders own 0.69% of the company’s stock.

GWRE has been the topic of several research analyst reports. Piper Jaffray Companies boosted their target price on shares of Guidewire Software to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 6th. Citigroup started coverage on shares of Guidewire Software in a report on Tuesday. They issued a “neutral” rating and a $101.00 price objective on the stock. Guggenheim started coverage on shares of Guidewire Software in a report on Tuesday, August 7th. They issued a “buy” rating and a $115.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Guidewire Software in a report on Wednesday, June 6th. Finally, DA Davidson upped their price objective on shares of Guidewire Software from $100.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Guidewire Software presently has an average rating of “Buy” and an average price target of $98.80.

GWRE stock opened at $96.93 on Thursday. The firm has a market capitalization of $8.07 billion, a PE ratio of 242.33, a price-to-earnings-growth ratio of 38.09 and a beta of 1.19. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 0.23. Guidewire Software Inc has a 12 month low of $70.06 and a 12 month high of $101.73.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The business had revenue of $248.60 million for the quarter, compared to the consensus estimate of $238.86 million. Guidewire Software had a negative net margin of 12.83% and a positive return on equity of 0.30%. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. research analysts expect that Guidewire Software Inc will post 0.06 EPS for the current fiscal year.

Guidewire Software Profile

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

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

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