Zions Bancorporation bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,065 shares of the technology company’s stock, valued at approximately $161,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GWRE. D.A. Davidson & CO. increased its stake in shares of Guidewire Software by 2,270.8% in the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after buying an additional 1,476 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after buying an additional 150 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Guidewire Software by 64.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after buying an additional 794 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after buying an additional 283 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Guidewire Software in the third quarter valued at about $200,000.

GWRE has been the subject of several recent research reports. TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a research note on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and set a $80.00 target price on shares of Guidewire Software in a research report on Sunday, August 27th. KeyCorp restated a “buy” rating and set a $75.00 target price on shares of Guidewire Software in a research report on Friday, August 25th. Deutsche Bank restated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Finally, Citigroup restated a “buy” rating and set a $85.00 target price (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Guidewire Software presently has an average rating of “Buy” and a consensus price target of $80.11.

Shares of Guidewire Software, Inc. (NYSE:GWRE) opened at $73.61 on Thursday. The company has a market capitalization of $5,547.40, a PE ratio of 184.02, a P/E/G ratio of 83.54 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $83.52.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. equities analysts forecast that Guidewire Software, Inc. will post 0.06 earnings per share for the current year.

In other Guidewire Software news, Director Craig Conway sold 600 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.20, for a total value of $46,920.00. Following the transaction, the director now owns 9,447 shares in the company, valued at $738,755.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Roza sold 782 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.20, for a total value of $61,152.40. Following the completion of the transaction, the insider now owns 7,127 shares in the company, valued at approximately $557,331.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,084 shares of company stock worth $8,869,942. Corporate insiders own 0.69% of the company’s stock.

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About Guidewire Software

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.

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

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