Signaturefd LLC Has $1.11 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Signaturefd LLC grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,051 shares of the technology company’s stock after acquiring an additional 139 shares during the period. Signaturefd LLC’s holdings in Guidewire Software were worth $1,107,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its position in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Guidewire Software during the first quarter worth approximately $417,000. Cetera Investment Advisers increased its holdings in shares of Guidewire Software by 648.0% during the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Guidewire Software by 13.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,489 shares of the technology company’s stock worth $13,012,000 after purchasing an additional 13,163 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Guidewire Software by 8.1% during the first quarter. Sei Investments Co. now owns 400,284 shares of the technology company’s stock worth $46,717,000 after purchasing an additional 30,161 shares during the period.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $186.90 on Thursday. The company has a fifty day moving average of $168.97 and a 200-day moving average of $142.81. The company has a market capitalization of $15.45 billion, a PE ratio of -1,437.69 and a beta of 1.19. Guidewire Software, Inc. has a 52-week low of $85.15 and a 52-week high of $191.48.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GWRE shares. Wells Fargo & Company raised their target price on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.62.

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,601 shares of company stock worth $9,050,448. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.