Guidewire Software Inc (GWRE) Shares Bought by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC grew its stake in Guidewire Software Inc (NYSE:GWRE) by 53.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,854 shares of the technology company’s stock after purchasing an additional 1,340 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Guidewire Software were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its position in shares of Guidewire Software by 22.0% in the second quarter. OppenheimerFunds Inc. now owns 900,134 shares of the technology company’s stock valued at $79,914,000 after purchasing an additional 162,319 shares during the period. Jennison Associates LLC grew its position in shares of Guidewire Software by 30.1% in the second quarter. Jennison Associates LLC now owns 862,208 shares of the technology company’s stock valued at $76,547,000 after purchasing an additional 199,367 shares during the period. Wasatch Advisors Inc. grew its position in shares of Guidewire Software by 17.4% in the second quarter. Wasatch Advisors Inc. now owns 852,371 shares of the technology company’s stock valued at $75,673,000 after purchasing an additional 126,491 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Guidewire Software by 5.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 798,857 shares of the technology company’s stock valued at $80,101,000 after purchasing an additional 42,299 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its position in shares of Guidewire Software by 6,463.8% in the second quarter. Mainstay Capital Management LLC ADV now owns 768,951 shares of the technology company’s stock valued at $8,877,000 after purchasing an additional 757,236 shares during the period.

GWRE opened at $87.23 on Friday. The stock has a market cap of $7.37 billion, a P/E ratio of 969.22, a price-to-earnings-growth ratio of 44.59 and a beta of 1.24. Guidewire Software Inc has a twelve month low of $70.06 and a twelve month high of $107.79. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The firm had revenue of $248.60 million for the quarter, compared to analyst estimates of $238.86 million. During the same period in the previous year, the business posted $0.59 earnings per share. Guidewire Software’s quarterly revenue was up 37.3% on a year-over-year basis. Equities analysts predict that Guidewire Software Inc will post 0.26 EPS for the current year.

In other Guidewire Software news, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $88.78, for a total transaction of $35,512.00. Following the transaction, the director now directly owns 8,793 shares of the company’s stock, valued at $780,642.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcus Ryu sold 15,935 shares of Guidewire Software stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $105.31, for a total transaction of $1,678,114.85. Following the transaction, the chief executive officer now directly owns 16,098 shares in the company, valued at $1,695,280.38. The disclosure for this sale can be found here. Insiders have sold 88,495 shares of company stock worth $8,756,523 over the last ninety days. 0.69% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Tuesday, October 9th. Deutsche Bank lowered shares of Guidewire Software from a “buy” rating to a “hold” rating and lowered their price target for the stock from $110.00 to $105.00 in a research report on Monday, October 8th. Bank of America boosted their price target on shares of Guidewire Software from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, September 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software to $117.00 and gave the stock an “overweight” rating in a research report on Friday, September 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $109.90.

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About Guidewire Software

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.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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