Beaumont Asset Management LLC’s most recent Form 13F filing with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s stake in Guidewire Software, Inc. (NYSE: GWRE) declined by a 51.1%. Following the transaction during the most recent fiscal quarter, the organization now has a total stake of 6,076 shares in the technology company. After the most recent fiscal quarter, Beaumont Asset Management LLC concluded that Guidewire Software’s valuation should be $374,000.
In recent months, several other hedge funds have adjusted or reduced the amount of money they have invested in GWRE. Van ECK Associates Corp. increased the proportion of the company’s stock that it owns and invested in Guidewire Software by 15.7% during the third quarter of the fiscal year. At this time, Van ECK Associates Corp. owns 2,470,897 shares in the aforementioned technology company, which have a total value of $152,158,000. During the period in question, an additional 335,358 shares were purchased, making it possible to achieve the previous goal. During the second quarter, William Blair Investment Management LLC made a purchase of an additional 6.5% of Guidewire Software shares, bringing the total number of shares it owned to 102.5%. After making an additional purchase of 140,725 shares during the period in question, William Blair Investment Management LLC now owns a total of 2,316,108 shares of the technology company’s capital stock, which has an associated value of $164,421,000. During the second quarter, RGM Capital LLC was able to increase Guidewire Software’s proportion of company ownership to 11.3%. RGM Capital LLC now owns a total of 1,465,988 shares of capital stock held by the technology company. These shares have a value of $104,070,000 and were acquired by the company during the most recent period through the purchase of an additional 149,004 shares of the company. During the second quarter, Jarislowsky Fraser Ltd. increased the number of Guidewire Software shares it held by 3.2%, bringing the total number of shares it held to 1.4%. After making an additional purchase of 44,434 shares of technology companies during the most recent quarter, Jarislowsky Fraser Ltd. now holds 1,420,881 shares. The market value of these shares to date is $100,868,000. And as a final point of interest, DF Dent & Co., Inc. increased Guidewire Software’s ownership ratio by 32.2% during the second quarter. DF Dent & Co., Inc. now owns a total of 1,399,871 shares in the technology company after purchasing an additional 341,273 shares during the most recent quarter. The current market value of the company’s shares is $99,377,000.
As reported elsewhere in the news, on Monday, December 19, company whistleblower James Winston King sold 1,577 shares of the company’s capital stock. This transaction took place. The price paid for each share was equivalent to an average of $61.40 and the total amount paid per share was $96,827.80. Following the successful completion of the transaction, the insider now directly owns 39,328 shares of the company. Each of these shares has a market value of approximately $2,414,739.20. Following this link will take you to a file submitted to the SEC, which will provide you with additional information about the sale. As reported elsewhere in the news, on Monday, December 19, company whistleblower James Winston King sold 1,577 shares of the company’s capital stock. This transaction took place. The price paid for each share was equivalent to an average of $61.40 and the total amount paid per share was $96,827.80. Following the completion of the transaction, the corporate insider now directly owns 39,328 shares of the company. Based on the current share price, these shares are worth approximately $2,414,739.20. You can find a presentation explaining the transaction in more detail on the Securities and Exchange Commission (SEC) website.
Additionally, on December 19, CEO Michael George Rosenbaum sold 7,960 shares of the company’s stock. The total amount of proceeds from the sale of shares was $488,744.00, which is equivalent to a price of $61.40 per share. Upon completion of the sale, the CEO will have control of 195,755 shares of the company, each of which will be worth $12,019,357 when the transaction is completed. Disclosure on the purchase can be found at this particular location. Insiders of the company sold 12,516 shares during the most recent fiscal quarter, generating a total of $768,482 and representing 0.17% of the total number of shares outstanding in the company.
The closing price for the NYSE GWRE was $68.45 on Friday, reflecting an increase of $0.09 due to trading activity that occurred during the day. The stock participated in 5,776 transactions, with an average volume of 915,730 shares traded each time. The company’s market value is $5.6 billion due to its beta value of 1.20 and its price-earnings ratio of -28.72. The stock’s 50-day moving average is currently at $60.58, while its 200-day moving average is at $65.96. Both moving averages are currently above the share price. Guidewire Software, Inc. hit a 52-week year-ago low of $52.08, while the company hit a year-ago high of $107.34. The debt to equity ratio is 0.33, the quick ratio is 3.73, the current ratio is also 3.73, and the quick ratio is also 3.73.
On Tuesday, December 6, Guidewire Software (NYSE: GWRE) announced quarterly financial results that it had prepared in advance and made available to the public. 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. Although market watchers anticipated the company to generate sales totaling $190.49 million during the quarter, it instead generated sales totaling $195.28 million. The company’s return on equity and net margin were in the red for Guidewire Software. Net margin was in the red at 23.57%, and return on equity was also in the red at 10.64%. The majority opinion among market analysts is that Guidewire Software, Inc. will end the current fiscal year with a loss of $1.51 per share.
Several brokerage firms have recently shown interest in buying GWRE shares, which is very encouraging. BTIG Research stated in a research note published on Wednesday, December 7, that they have lowered their price target on Guidewire Software’s shares from $105.00 to $90.00. The new price target comes after the company sets it at $105.00. Robert W. Baird lowered his price target for Guidewire Software shares to $75.00 in a research note published Dec. 12. DA Davidson disclosed in a research note made public on December 1 that the target price the brokerage firm had set for Guidewire Software shares was lowered from $96.00 to $90.00. JPMorgan Chase & Co. began providing Guidewire Software stock price coverage in the form of research on December 1, in the form of a research note. They gave the company an “overweight” rating and anticipated a share price of $78.00 for its shares. Wells Fargo & Company lowered its price target on Guidewire Software’s shares from $60.00 to $55.00 and gave the stock an “underweight” rating in a research report published Wednesday, December 7. Six analysts believe investors should buy the shares, three believe investors should hold their current position, and two believe investors should sell the shares. The information was obtained from Bloomberg.com, which revealed that the company is currently rated as a “hold” and that it has been set an average price target of $82.00.
Guidewire Software, Inc.’s primary focus is creating software for use by property and casualty (P&C) insurers in all regions of the world. Guidewire InsuranceSuite Cloud is a service that this company offers to its customers. This service includes the PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud software applications. In addition, it provides a platform called Guidewire InsuranceNow, which is hosted in the cloud and allows insurance companies to better manage their policies, billing, and claims. In addition, it provides the Guidewire Insurance Suite to customers who are in charge of managing their insurance policies.