Fiera Capital Corp Has $51.98 Million Stake in Guidewire Software, Inc. $GWRE

Fiera Capital Corp decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,599 shares of the technology company’s stock after selling 26,415 shares during the quarter. Fiera Capital Corp owned about 0.30% of Guidewire Software worth $51,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GWRE. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $36,000. Harbour Investments Inc. raised its position in shares of Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after buying an additional 112 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Guidewire Software by 82.4% in the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after buying an additional 122 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. The Goldman Sachs Group dropped their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus cut their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.00.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $127.24 on Tuesday. The company’s 50 day simple moving average is $139.59 and its 200 day simple moving average is $159.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.93. Guidewire Software, Inc. has a 1 year low of $115.57 and a 1 year high of $272.60. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 68.78 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the business posted $0.88 EPS. The company’s revenue was up 26.9% compared to the same quarter last year. As a group, research analysts predict that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the transaction, the chief executive officer owned 206,806 shares in the company, valued at $28,047,029.72. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,679 shares of company stock valued at $5,178,014 over the last quarter. Company insiders own 0.46% of the company’s stock.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.