Amalgamated Bank grew its position in Guidewire Software Inc (NYSE:GWRE) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,750 shares of the technology company’s stock after acquiring an additional 1,106 shares during the quarter. Amalgamated Bank’s holdings in Guidewire Software were worth $1,095,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of GWRE. Carillon Tower Advisers Inc. acquired a new position in shares of Guidewire Software in the fourth quarter worth about $57,253,000. Atlantic Trust Group LLC acquired a new position in shares of Guidewire Software in the third quarter worth about $39,989,000. Wasatch Advisors Inc. raised its position in shares of Guidewire Software by 69.8% in the third quarter. Wasatch Advisors Inc. now owns 692,806 shares of the technology company’s stock worth $53,942,000 after acquiring an additional 284,762 shares during the period. First Trust Advisors LP raised its position in shares of Guidewire Software by 186.0% in the fourth quarter. First Trust Advisors LP now owns 302,539 shares of the technology company’s stock worth $22,467,000 after acquiring an additional 196,742 shares during the period. Finally, Bamco Inc. NY raised its position in shares of Guidewire Software by 3.1% in the third quarter. Bamco Inc. NY now owns 5,082,409 shares of the technology company’s stock worth $395,716,000 after acquiring an additional 151,238 shares during the period.
In other news, CFO Richard Hart sold 374 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $77.00, for a total value of $28,798.00. Following the completion of the sale, the chief financial officer now owns 3,879 shares of the company’s stock, valued at approximately $298,683. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Craig Conway sold 600 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $73.49, for a total transaction of $44,094.00. Following the completion of the sale, the director now directly owns 10,904 shares of the company’s stock, valued at approximately $801,334.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,712 shares of company stock valued at $7,012,670. 0.69% of the stock is owned by corporate insiders.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $163.80 million during the quarter, compared to analysts’ expectations of $154.34 million. During the same quarter in the prior year, the company earned $0.28 EPS. Guidewire Software’s revenue was up 41.7% compared to the same quarter last year. analysts predict that Guidewire Software Inc will post -0.01 earnings per share for the current year.
Several research analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and set a $91.00 price target on shares of Guidewire Software in a research report on Wednesday, March 7th. TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. DA Davidson set a $100.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Citigroup set a $85.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Guidewire Software has a consensus rating of “Buy” and an average target price of $83.90.
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Guidewire Software Profile
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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