William Blair Investment Management buys $317,614,960 stake in Guidewire Software Inc (GWRE)

Guidewire Software Inc (GWRE) : William Blair Investment Management scooped up 192,866 additional shares in Guidewire Software Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 5,136,907 shares of Guidewire Software Inc which is valued at $317,614,960.Guidewire Software Inc makes up approximately 1.18% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , Brown Capital Management boosted its stake in GWRE in the latest quarter, The investment management firm added 340,121 additional shares and now holds a total of 2,505,767 shares of Guidewire Software Inc which is valued at $154,079,613. Guidewire Software Inc makes up approx 2.33% of Brown Capital Management’s portfolio. Quantbot Technologies Lp sold out all of its stake in GWRE during the most recent quarter. The investment firm sold 1,816 shares of GWRE which is valued $110,649.

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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