JPMorgan Chase & Co. decreased its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,323,740 shares of the company’s stock after selling 156,459 shares during the period. JPMorgan Chase & Co. owned approximately 4.55% of Guidewire Software worth $199,358,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GWRE. Prudential Financial Inc. increased its position in Guidewire Software by 8.3% in the first quarter. Prudential Financial Inc. now owns 7,495 shares of the company’s stock worth $408,000 after buying an additional 575 shares during the period. BlueMountain Capital Management LLC purchased a new position in Guidewire Software during the first quarter worth $271,000. Barometer Capital Management Inc. purchased a new position in Guidewire Software during the second quarter worth $531,000. Murphy Capital Management Inc. purchased a new position in Guidewire Software during the second quarter worth $228,000. Finally, IBM Retirement Fund purchased a new position in Guidewire Software during the second quarter worth $451,000.

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

Guidewire Software Inc (NYSE:GWRE) opened at 55.71 on Thursday. The stock has a 50 day moving average price of $57.79 and a 200 day moving average price of $60.02. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78. The company has a market capitalization of $4.07 billion and a price-to-earnings ratio of 278.55.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, November 29th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The firm had revenue of $94.10 million for the quarter. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. On average, analysts expect that Guidewire Software Inc will post $0.76 EPS for the current year.

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A number of research analysts recently weighed in on GWRE shares. Goldman Sachs Group Inc. started coverage on Guidewire Software in a research note on Tuesday, October 4th. They set a “neutral” rating and a $57.00 price target on the stock. They noted that the move was a valuation call. Bank of America Corp. downgraded Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research note on Friday, September 16th. They noted that the move was a valuation call. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Monday. Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $80.00 price target on shares of Guidewire Software in a research note on Thursday, September 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.38.

In other news, CFO Richard Hart sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $59.53, for a total transaction of $218,177.45. Following the completion of the transaction, the chief financial officer now directly owns 5,369 shares in the company, valued at $319,616.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $60.36, for a total transaction of $1,207,200.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $1,207,200. The disclosure for this sale can be found here.

Guidewire Software Company 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.

5 Day Chart for NYSE:GWRE

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