Fiera Capital Corp Acquires Shares of 237,920 Guidewire Software, Inc. (NYSE:GWRE)

Fiera Capital Corp acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 1st quarter, Holdings Channel.com reports. The fund acquired 237,920 shares of the technology company’s stock, valued at approximately $44,577,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GWRE. SBI Securities Co. Ltd. grew its holdings in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Ossiam bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. Dunhill Financial LLC bought a new position in shares of Guidewire Software during the first quarter valued at approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 shares during the last quarter.

Insider Buying and Selling

In other news, Director Michael C. Keller sold 1,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the sale, the director owned 10,410 shares in the company, valued at approximately $2,472,687.30. This represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $223.75, for a total value of $313,250.00. Following the sale, the chief executive officer owned 230,268 shares of the company’s stock, valued at $51,522,465. This trade represents a 0.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,342 shares of company stock worth $4,879,599 over the last quarter. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Wednesday, June 4th. Oppenheimer upped their target price on Guidewire Software from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Robert W. Baird upped their target price on Guidewire Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Raymond James Financial increased their price objective on Guidewire Software from $225.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus increased their price objective on Guidewire Software from $230.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.92.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $226.94 on Tuesday. The stock has a fifty day moving average price of $230.37 and a two-hundred day moving average price of $208.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a market cap of $19.11 billion, a P/E ratio of 567.35, a PEG ratio of 19.81 and a beta of 1.16. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.