Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 36.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,207 shares of the technology company’s stock after buying an additional 4,346 shares during the quarter. Toronto Dominion Bank’s holdings in Guidewire Software were worth $1,840,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ellevest Inc. acquired a new position in shares of Guidewire Software during the fourth quarter worth about $32,000. Altshuler Shaham Ltd acquired a new position in Guidewire Software in the third quarter valued at approximately $36,000. Signaturefd LLC boosted its holdings in Guidewire Software by 47.6% in the third quarter. Signaturefd LLC now owns 338 shares of the technology company’s stock valued at $40,000 after purchasing an additional 109 shares in the last quarter. Huntington National Bank boosted its holdings in Guidewire Software by 43.8% in the fourth quarter. Huntington National Bank now owns 384 shares of the technology company’s stock valued at $44,000 after purchasing an additional 117 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Guidewire Software in the third quarter valued at approximately $130,000.

In other news, insider Michael Polelle sold 562 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $87.92, for a total value of $49,411.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Priscilla Hung sold 1,679 shares of the firm’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $87.92, for a total value of $147,617.68. The disclosure for this sale can be found here. Insiders sold 7,444 shares of company stock valued at $654,255 in the last quarter. 0.17% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the company. StockNews.com raised Guidewire Software from a “sell” rating to a “hold” rating in a report on Tuesday. JMP Securities raised Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Friday, March 18th. Stifel Nicolaus decreased their price objective on Guidewire Software from $110.00 to $100.00 and set a “hold” rating for the company in a report on Monday, March 21st. Citigroup decreased their price objective on Guidewire Software from $101.00 to $97.00 in a report on Wednesday, March 9th. Finally, Royal Bank of Canada initiated coverage on Guidewire Software in a report on Tuesday. They issued an “outperform” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Hold” and a consensus target price of $117.90.

Guidewire Software stock opened at $89.73 on Friday. Guidewire Software, Inc. has a 12 month low of $81.38 and a 12 month high of $130.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.66 and a quick ratio of 4.66. The business has a 50 day simple moving average of $90.96 and a 200-day simple moving average of $105.29. The stock has a market capitalization of $7.50 billion, a PE ratio of -57.52 and a beta of 1.34.

Guidewire Software (NYSE:GWRE – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.14. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $197.47 million. Guidewire Software had a negative return on equity of 6.50% and a negative net margin of 16.97%. Guidewire Software’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.16) earnings per share. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post -1.94 EPS for the current year.

Guidewire Software Profile (Get Rating)

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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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