Kornitzer Capital Management Inc. KS Has $13.86 Million Holdings in Guidewire Software, Inc. (GWRE)
Kornitzer Capital Management Inc. KS reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,055 shares of the technology company’s stock after selling 5,280 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.24% of Guidewire Software worth $13,863,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Guidewire Software by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after purchasing an additional 96,478 shares during the last quarter. BlackRock Inc. grew its stake in shares of Guidewire Software by 3.4% in the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after purchasing an additional 103,707 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $113,628,000. Blair William & Co. IL lifted its holdings in shares of Guidewire Software by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock valued at $77,941,000 after buying an additional 29,439 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Guidewire Software by 7.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,089,847 shares of the technology company’s stock valued at $74,883,000 after buying an additional 77,663 shares during the period.
Guidewire Software, Inc. (NYSE GWRE) opened at $81.48 on Tuesday. Guidewire Software, Inc. has a 1 year low of $49.18 and a 1 year high of $83.47. The firm has a market capitalization of $6,120.00, a price-to-earnings ratio of 192.76, a price-to-earnings-growth ratio of 16.23 and a beta of 1.23.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.20. The company had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. analysts anticipate that Guidewire Software, Inc. will post 0.32 earnings per share for the current fiscal year.
GWRE has been the subject of several recent analyst reports. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday, July 12th. BidaskClub raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. TheStreet cut Guidewire Software from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Finally, KeyCorp reissued a “buy” rating and issued a $75.00 price target on shares of Guidewire Software in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $80.11.
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In related news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.51, for a total value of $1,887,750.00. Following the transaction, the chief executive officer now owns 139,139 shares in the company, valued at $10,506,385.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $78.51, for a total value of $47,106.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,266 shares of company stock worth $8,857,459. 0.96% of the stock is currently owned by insiders.
Guidewire Software Company 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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