MetLife Investment Management LLC has sold its interest in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) fell 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,128 shares of the technology company, after selling 64 shares during the period. MetLife Investment Management LLC’s holdings in Guidewire Software were worth $572,000 at the time of the most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software shares by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company worth $63,000, after purchasing an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after acquiring an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares in the last quarter. Finally, Legacy Advisors LLC grew its holdings in shares of Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after purchasing an additional 135 shares during the last quarter.
Guidewire software stock performance
GWRE opened at $177.57 on Friday. Guidewire Software, Inc. has a 12-month low of $95.02 and a 12-month high of $209.15. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 493.25, a price-to-earnings growth ratio of 53.58, and a beta of 1.18. The company’s fifty-day moving average is $191.58 and its two-hundred-day moving average is $160.81.
Guidewire Software (NYSE:GWRE – Get Free Report) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company posted earnings per share of $0.30. The company’s revenue for the quarter increased 8.0% year over year. Stock analysts predict that Guidewire Software, Inc. will record a profit per share of 0.53 for the current financial year.
Wall Street analysts predict growth
Several research firms have recently weighed in on GWRE. Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday. Oppenheimer raised the price target for Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday. BTIG Research raised their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $193.00.
View our latest inventory analysis on Guidewire software
Insider transactions at Guidewire Software
In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The stock sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the transaction, the President now owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This means a decrease in their position of 0.71%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17. The shares sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the CEO now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This means a decrease in their position of 7.52%. The explanation of this sale can be found here. Insiders have sold a total of 52,601 shares of the company’s stock, worth $9,116,179, over the last 90 days. 0.48% of the shares are owned by company insiders.
Guidewire Software Company Profile
(Free report)
Guidewire Software, Inc provides a platform for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications. It also offers Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy, billing and claims management functionality; and Guidewire InsuranceSuite for self-management.
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