Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 97.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 395,387 shares of the technology company’s stock after buying an additional 194,832 shares during the period. Federated Hermes Inc. owned 0.47% of Guidewire Software worth $66,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after buying an additional 418,642 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after acquiring an additional 291,774 shares during the period. Groupama Asset Managment acquired a new stake in Guidewire Software during the 4th quarter worth approximately $42,145,000. Finally, Vanguard Group Inc. grew its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter.

Guidewire Software Stock Down 5.3 %

Shares of NYSE GWRE opened at $174.35 on Monday. The firm’s 50 day moving average price is $198.84 and its 200 day moving average price is $189.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market cap of $14.62 billion, a P/E ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 6,116 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. The trade was a 3.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00. Following the sale, the chief executive officer now directly owns 259,993 shares of the company’s stock, valued at approximately $47,945,309.13. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,880 shares of company stock worth $7,850,222 in the last ninety days. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Guidewire Software Company 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.