Shares of Guidewire Software, Inc. (NYSE:GWRE) acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,568 shares of the technology company’s stock after acquiring an additional 8,558 shares during the quarter. Federated Hermes Inc. owned approximately 0.18% of Guidewire Software worth $20,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in Guidewire Software during the fourth quarter valued at $27,000. ORG Partners LLC acquired a new stake in shares of Guidewire Software in the 1st quarter worth about $29,000. Rothschild Investment LLC purchased a new stake in Guidewire Software in the second quarter valued at approximately $31,000. Lynx Investment Advisory purchased a new position in Guidewire Software in the second quarter valued at approximately $41,000. Finally, DT Investment Partners LLC purchased a new position in Guidewire Software in the second quarter valued at approximately $41,000.

Insiders place their bets

In other news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The sale was disclosed in a filing with the SEC, which is available at this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the transaction, the insider now owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,064 shares of company stock worth $1,782,775. 0.38% of shares are owned by corporate insiders.

Analysts set new price targets

A number of equities research analysts have recently issued reports on GWRE shares. Stifel Nicolaus upped their target price on shares of Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. DA Davidson reiterated a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $161.69.

Check out our latest review of Guidewire software

Guidewire software price performance

NYSE:GWRE opened at $171.81 on Monday. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $171.95. The firm has a market cap of $14.20 billion, a PE ratio of -1,321.51 and a beta of 1.18. The company’s fifty day moving average price is $147.64 and its 200 day moving average price is $129.92.

Guidewire Software (NYSE:GWRE – Get Your Free Report ) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. In the same quarter last year, the business posted EPS of $0.30. As a group, equities analysts anticipate that Guidewire Software, Inc. it will post 0.49 EPS for the current year.

About Guidewire Software

(Free report)

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. It also offers Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy management, billing and claims functionality; and Guidewire InsuranceSuite for Self-Managed.

Further reading

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