Blair William Coil Lowers stake in Guidewire Software Inc (GWRE)

Guidewire Software Inc (GWRE) : Blair William Coil reduced its stake in Guidewire Software Inc by 2.51% during the most recent quarter end. The investment management company now holds a total of 1,208,182 shares of Guidewire Software Inc which is valued at $74,701,893 after selling 31,095 shares in Guidewire Software Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Guidewire Software Inc makes up approximately 0.66% of Blair William Coil’s portfolio.

Other Hedge Funds, Including , Geneva Advisors added GWRE to its portfolio by purchasing 116,070 company shares during the most recent quarter which is valued at $7,176,608. Guidewire Software Inc makes up approx 0.14% of Geneva Advisors’s portfolio. Calvert Investment Management added GWRE to its portfolio by purchasing 3,807 company shares during the most recent quarter which is valued at $234,092. Guidewire Software Inc makes up approx 0.01% of Calvert Investment Management’s portfolio. Utah Retirement Systems added GWRE to its portfolio by purchasing 13,200 company shares during the most recent quarter which is valued at $804,276. Guidewire Software Inc makes up approx 0.02% of Utah Retirement Systems’s portfolio. Calamos Wealth Management sold out all of its stake in GWRE during the most recent quarter. The investment firm sold 7,624 shares of GWRE which is valued $469,028. Msi Financial Services Inc sold out all of its stake in GWRE during the most recent quarter. The investment firm sold 31 shares of GWRE which is valued $1,907.

Guidewire Software Inc opened for trading at $62.05 and hit $62.41 on the upside on Monday, eventually ending the session at $61.87, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 3,40,636 shares. Company has a market cap of $4,487 M.

On the company’s financial health, Guidewire Software Inc reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $0.06. The company had revenue of $98.90 million for the quarter, compared to analysts expectations of $92.45 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Guidewire Software Inc. Company shares were Reiterated by Deutsche Bank on Jun 2, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Piper Jaffray Initiated Guidewire Software Inc on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $65.

Guidewire Software Inc. is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing data management and analytics and digital engagement. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite Guidewire PolicyCenter Guidewire ClaimCenter Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management Guidewire Reinsurance Management Guidewire Client Data Management Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub Guidewire InfoCenter and Guidewire Live and digital engagement includes Guidewire Digital Portals.

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