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

Federated Hermes Inc. raised its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,731 shares of the technology company's stock after purchasing an additional 39,344 shares during the quarter. Federated Hermes Inc. owned 0.52% of Guidewire Software worth $81,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA grew its stake in shares of Guidewire Software by 16.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock worth $966,252,000 after acquiring an additional 720,322 shares in the last quarter. Stockbridge Partners LLC grew its stake in shares of Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after purchasing an additional 205,382 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 1.0% during the fourth 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 in the last quarter. AQR Capital Management LLC grew its stake in shares of Guidewire Software by 31.9% during the fourth quarter. AQR Capital Management LLC now owns 938,941 shares of the technology company's stock worth $157,113,000 after purchasing an additional 227,238 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Guidewire Software by 12.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 863,090 shares of the technology company's stock valued at $145,500,000 after acquiring an additional 98,690 shares in the last quarter.

Guidewire Software Stock Performance

NYSE GWRE traded down $3.34 during trading hours on Friday, hitting $222.88. 530,494 shares of the stock were exchanged, compared to its average volume of 998,513. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 557.20, a price-to-earnings-growth ratio of 20.01 and a beta of 1.16. Guidewire Software, Inc. has a 12-month low of $132.01 and a 12-month high of $263.20. The stock has a 50-day moving average of $231.23 and a 200 day moving average of $209.47. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00. Following the transaction, the chief executive officer directly owned 233,068 shares in the company, valued at approximately $51,426,454.20. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,342 shares of company stock valued at $4,879,599 over the last ninety days. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Robert W. Baird upped their target price on shares of Guidewire Software from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, JMP Securities upped their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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.