Federated Hermes Inc. Buys 194,832 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Federated Hermes Inc. grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 97.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 395,387 shares of the technology company's stock after buying an additional 194,832 shares during the period. Federated Hermes Inc. owned approximately 0.47% of Guidewire Software worth $66,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Geode Capital Management LLC grew its position in Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after purchasing an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the completion of the transaction, the chief executive officer now owns 280,330 shares in the company, valued at approximately $48,996,077.40. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 6,116 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the sale, the president now owns 166,330 shares in the company, valued at $31,504,565.30. The trade was a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,280 shares of company stock worth $8,085,170 over the last 90 days. Corporate insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GWRE. Robert W. Baird increased their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Price Performance

NYSE GWRE traded up $3.31 during trading hours on Friday, reaching $190.90. The company's stock had a trading volume of 602,991 shares, compared to its average volume of 903,153. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 530.29, a PEG ratio of 37.21 and a beta of 1.19. The firm's 50-day moving average price is $194.96 and its 200-day moving average price is $189.45.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software Company 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.