Mn Services Vermogensbeheer B.V. decreased the ownership it had in Guidewire Software, Inc. (NYSE: GWRE) during the third quarter, as indicated by the company’s most recent filing with the Securities and Exchange Commission, which the company submitted. The corporation ended the period with a total of 45,000 shares in the technology company, having sold 2,500 of those shares during the period in question. Mn Services Vermogensbeheer B.V. disclosed to the Securities and Exchange Commission in its most recent filing that the company owned 0.05% of Guidewire Software, equivalent to $2,771,000 in market value.
Over the past few months, several other institutional investors and hedge funds have modified the total number of GWRE shares they possess in their respective portfolios. Riverview Trust Company increased its percentage of ownership in Guidewire Software by 158.8% during the third quarter of the fiscal year. After purchasing 254 additional shares during the quarter, Riverview Trust Co. has 414 shares of the technology company’s stock, currently valued at $2,500. This brings the total value of Riverview Trust Co.’s holdings to $2,500. During the third quarter, Western Pacific Wealth Management LP successfully achieved a 3,727.3% increase in the amount of Guidewire Software stock it owned. Western Pacific Wealth Management LP now has a total of 421 shares of the technology company’s stock, which are currently valued at $2,500, after the firm made an additional purchase of 410 shares during the period. A financial investment of $39,000 was made in Guidewire Software by Charter Oak Capital Management LLC during the year’s second quarter. During the third quarter of the current fiscal year, CWM LLC increased the percentage of Guidewire Software shares owned by 875.3%. CWM LLC now has a total of 751 shares of the technology company’s stock, which are worth $46,000. This is a result of new purchases that brought the total number of shares owned by the company to 674 additional shares. Guidewire Software reported in the second quarter that Urban Wealth Management LLC had increased its holdings by purchasing a new stock for $57,000.
Several analysts who have been working on the company in question have just recently published reports on it. Citigroup stated its intention to reduce its price objective for Guidewire Software from $79 to $67 in a research note published on December 7. The coverage of Guidewire Software was initiated on October 12 with the publication of StockNews.com’s first research note concerning the company, marking the beginning of the website’s business coverage. They recommended “selling” the stock to prospective buyers. Wells Fargo & Company lowered their “underweight” rating for Guidewire Software in a research note published on December 7. In addition, the firm lowered its price objective on the stock from $60.00 to $55.00. A research note on Guidewire Software was released on December 1 by JPMorgan Chase & Co., marking the beginning of the firm’s company coverage. They assigned an “overweight” rating to the company and determined that the price target should be $78,000. DA Davidson lowered their price target for Guidewire Software from $96.00 to $90.00 in a research report published on Thursday, December 1. The final and most significant adjustment was made here. There are a total of eight different ratings that have been assigned to the stock by equity research analysts. These ratings range from four “buy” ratings to three “hold” ratings to two “sell” ratings. The current consensus price objective for Guidewire Software is $82.00 by Bloomberg.com, and the average analyst rating for the company is “Hold.”
When trading started on Tuesday, the price of a share of GWRE stock was $68.63 per share. The company’s simple moving average over the past 50 days is $61.17, and its simple moving average over the past 200 days is $65.78, respectively. The ratio of current assets to total assets is also 3.73, while the ratio of current assets to total assets is 0.33. The ratio of current assets to total assets is also 3.73. The price of Guidewire Software, Inc. has reached a low of $52.08 over the past year, while the company’s all-time high has been $104.75.
On Tuesday, December 6, Guidewire Software (NYSE: GWRE) announced that it would release the company’s quarterly financial results. The information technology firm reported earnings per share for the quarter of $0.54, which was $0.13 higher than the consensus estimate of $0.6. Guidewire Software had a return on equity of 10.64%, and the company’s net margin was negative at 23.57%. The market researchers estimated the company’s quarterly revenue to be between $190.49 million and 195.28 million dollars. These figures are in millions of dollars. The majority opinion of financial market analysts is that for the current financial year, Guidewire Software, Inc. will report earnings that amount to -1.51 cents per share.
Additionally, Chief Operating Officer Priscilla Hung sold 2,979 shares of the company’s stock on Monday, December 19. This was reported in another piece of news. It was determined that each share was sold at an average price of $61.40, which resulted in a total sale volume of 182,910.60 dollars. The price at which the shares were sold was determined. The transaction resulted in the chief operating officer gaining direct ownership of 67,462 shares, giving him a total of 67,462. The value of these shares on the market as of right now is approximately $4,142,166.80. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. On Monday, December 19, a company insider named James Winston King sold 1,577 shares of the company’s stock. This is just one of the latest developments relating to this topic. A total of $96,827.80 worth of shares were transacted at an average price of $61.40 per share, leading to a sale volume of 96,827.80 dollars. The corporate insider now directly owns 39,328 shares of the company’s stock, which have a combined value of approximately $2,414,739.20 as a result of the transaction. This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here.
Additionally, on Monday, December 19, Priscilla Hung, who serves as the company’s Chief Operating Officer, sold 2,979 shares of the company’s stock. It was determined that each share was sold at an average price of $61.40, which resulted in a total sale volume of 182,910.60 dollars. The price at which the shares were sold was determined. The chief operating officer currently holds a direct ownership stake in 67,462 company shares, estimated to be worth approximately $4,142,166.80. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold a total of 12,516 shares of company stock for the sum of $768,482 over the past three months. The total number of shares currently in circulation represents a total ownership stake of 0.17% by company insiders.
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