Amalgamated Bank Has $886,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Amalgamated Bank decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,842 shares of the technology company’s stock after selling 118 shares during the period. Amalgamated Bank’s holdings in Guidewire Software were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software during the second quarter worth approximately $31,000. Lynx Investment Advisory bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $41,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $41,000. Canada Pension Plan Investment Board bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $55,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. JMP Securities increased their price target on shares of Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Citigroup increased their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.62.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock worth $9,050,448. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 0.6 %

Shares of NYSE:GWRE opened at $195.26 on Friday. Guidewire Software, Inc. has a 12 month low of $94.97 and a 12 month high of $199.33. The company’s fifty day simple moving average is $182.84 and its 200 day simple moving average is $151.38. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of -2,440.44, a PEG ratio of 50.59 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued 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. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

About Guidewire Software

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.