Sei Investments Co. grew its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 554,528 shares of the technology company’s stock after buying an additional 33,063 shares during the period. Sei Investments Co. owned approximately 0.67% of Guidewire Software worth $60,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brasada Capital Management LP boosted its holdings in Guidewire Software by 1.8% during the third quarter. Brasada Capital Management LP now owns 5,080 shares of the technology company’s stock worth $535,000 after buying an additional 90 shares during the last quarter. Smith Salley & Associates boosted its holdings in Guidewire Software by 5.5% during the fourth quarter. Smith Salley & Associates now owns 2,669 shares of the technology company’s stock worth $293,000 after buying an additional 140 shares during the last quarter. CWM LLC boosted its holdings in Guidewire Software by 88.1% during the third quarter. CWM LLC now owns 333 shares of the technology company’s stock worth $35,000 after buying an additional 156 shares during the last quarter. Keybank National Association OH raised its position in shares of Guidewire Software by 5.6% during the third quarter. Keybank National Association OH now owns 3,208 shares of the technology company’s stock worth $338,000 after purchasing an additional 171 shares during the period. Finally, Squar Milner Financial Services LLC raised its position in shares of Guidewire Software by 181.7% during the fourth quarter. Squar Milner Financial Services LLC now owns 307 shares of the technology company’s stock worth $33,000 after purchasing an additional 198 shares during the period.

GWRE has been the topic of a number of research analyst reports. Wells Fargo & Co initiated coverage on Guidewire Software in a research report on Monday, January 27th. They set an “underweight” rating and a $100.00 price target on the stock. Citigroup raised their price target on Guidewire Software from $97.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. William Blair reaffirmed a “buy” rating on shares of Guidewire Software in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, ValuEngine lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Guidewire Software currently has a consensus rating of “Hold” and an average price target of $117.63.

Shares of NYSE:GWRE traded up $1.16 during trading on Friday, hitting $122.42. 349,315 shares of the company were exchanged, compared to its average volume of 565,065. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -12,242,000.00, a P/E/G ratio of 43.05 and a beta of 1.15. Guidewire Software Inc has a fifty-two week low of $84.19 and a fifty-two week high of $123.60. The firm has a fifty day moving average price of $113.03 and a two-hundred day moving average price of $108.58. The company has a current ratio of 7.22, a quick ratio of 7.22 and a debt-to-equity ratio of 0.27.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, December 5th. The technology company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. Guidewire Software had a return on equity of 2.01% and a net margin of 0.03%. The company had revenue of $157.00 million during the quarter, compared to the consensus estimate of $151.75 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, research analysts predict that Guidewire Software Inc will post 0.2 EPS for the current year.

In related news, Director Guy Dubois sold 639 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $117.19, for a total value of $74,884.41. Following the completion of the sale, the director now directly owns 10,970 shares in the company, valued at approximately $1,285,574.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,442 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $103.51, for a total value of $149,261.42. Following the completion of the sale, the insider now owns 4,305 shares of the company’s stock, valued at $445,610.55. The disclosure for this sale can be found here. Insiders have sold a total of 90,714 shares of company stock valued at $9,722,813 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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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