Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,276 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,842 shares of the technology company’s stock after buying an additional 1,276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Guidewire Software were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its stake in Guidewire Software by 11.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,661 shares of the technology company’s stock worth $149,000 after buying an additional 164 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Guidewire Software by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 35,826 shares of the technology company’s stock worth $3,224,000 after buying an additional 190 shares in the last quarter. Principal Financial Group Inc. raised its stake in Guidewire Software by 3.0% in the third quarter. Principal Financial Group Inc. now owns 6,678 shares of the technology company’s stock worth $601,000 after buying an additional 194 shares in the last quarter. Regatta Capital Group LLC raised its stake in Guidewire Software by 5.8% in the fourth quarter. Regatta Capital Group LLC now owns 4,035 shares of the technology company’s stock worth $440,000 after buying an additional 222 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in Guidewire Software in the fourth quarter worth approximately $27,000.

Guidewire Software Price Performance

Shares of GWRE opened at $113.50 on Thursday. The firm has a market capitalization of $9.34 billion, a PE ratio of -183.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35. The company’s fifty day moving average price is $115.16 and its 200-day moving average price is $106.41.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. On average, equities research analysts predict that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,435 shares of company stock valued at $1,053,821. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Oppenheimer upped their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Raymond James initiated coverage on Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $115.11.

Guidewire Software 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.