CIBC Private Wealth Group LLC reduced its position in shares of Guidewire Software Inc (NYSE:GWRE) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679,227 shares of the technology company’s stock after selling 20,832 shares during the period. CIBC Private Wealth Group LLC owned about 0.84% of Guidewire Software worth $54,494,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in GWRE. First Hawaiian Bank lifted its position in Guidewire Software by 17.1% in the fourth quarter. First Hawaiian Bank now owns 1,095 shares of the technology company’s stock valued at $88,000 after acquiring an additional 160 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Guidewire Software by 2.1% in the fourth quarter. State of Alaska Department of Revenue now owns 10,004 shares of the technology company’s stock valued at $802,000 after acquiring an additional 207 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Guidewire Software by 3.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,199 shares of the technology company’s stock valued at $497,000 after acquiring an additional 229 shares during the last quarter. Alps Advisors Inc. lifted its position in Guidewire Software by 5.0% in the fourth quarter. Alps Advisors Inc. now owns 5,152 shares of the technology company’s stock valued at $413,000 after acquiring an additional 246 shares during the last quarter. Finally, Tompkins Financial Corp purchased a new stake in Guidewire Software in the fourth quarter valued at $29,000.
NYSE GWRE opened at $93.96 on Tuesday. The company has a current ratio of 8.40, a quick ratio of 8.40 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 1,044.00, a price-to-earnings-growth ratio of 39.51 and a beta of 1.30. Guidewire Software Inc has a one year low of $73.82 and a one year high of $107.79.
A number of equities research analysts recently weighed in on the stock. TheStreet cut shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a research report on Wednesday, December 5th. Citigroup reduced their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, December 6th. Goldman Sachs Group reissued a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Finally, ValuEngine raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Guidewire Software currently has a consensus rating of “Buy” and an average target price of $108.40.
In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $92.95, for a total value of $1,859,000.00. Following the transaction, the chief executive officer now directly owns 20,276 shares in the company, valued at $1,884,654.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Polelle sold 1,004 shares of Guidewire Software stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $86.77, for a total transaction of $87,117.08. Following the completion of the transaction, the insider now owns 3,629 shares in the company, valued at $314,888.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,623 shares of company stock worth $6,799,766. 0.69% of the stock is currently owned by company insiders.
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Guidewire Software Company Profile
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.
See Also: Hedge Funds
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