Parametrica Management Ltd adds Guidewire Software Inc (GWRE) to its portfolio

Guidewire Software Inc (GWRE) : Parametrica Management Ltd added new position in Guidewire Software Inc during the most recent quarter end. The investment management firm now holds 7,028 shares of Guidewire Software Inc which is valued at $410,295 , the company said in a statement filed on Oct 13, 2016 with the SEC.Guidewire Software Inc makes up approximately 1.16% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in GWRE in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 251 shares of Guidewire Software Inc which is valued at $14,681.Legal General Group Plc boosted its stake in GWRE in the latest quarter, The investment management firm added 1,338 additional shares and now holds a total of 5,711 shares of Guidewire Software Inc which is valued at $334,036.Conestoga Capital Advisors boosted its stake in GWRE in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 8,560 shares of Guidewire Software Inc which is valued at $516,254. Guidewire Software Inc makes up approx 0.04% of Conestoga Capital Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in GWRE in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 1,117 shares of Guidewire Software Inc which is valued at $67,031. Washington Trust Bank added GWRE to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $1,920.

Guidewire Software Inc closed down -1.82 points or -3.02% at $58.49 with 2,92,053 shares getting traded on Tuesday. Post opening the session at $60.08, the shares hit an intraday low of $58.2 and an intraday high of $60.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Guidewire Software Inc reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.32. The company had revenue of $141.20 million for the quarter, compared to analysts expectations of $136.20 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Guidewire Software Inc. Guidewire Software Inc was Initiated by Goldman to “Neutral” on Oct 4, 2016. Guidewire Software Inc was Downgraded by BofA/Merrill to ” Underperform” on Sep 16, 2016.

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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