Pathstone Family Office Increases Stake in Guidewire Software

Pathstone Family Office LLC has significantly increased its stake in Guidewire Software, Inc. during the third quarter, according to the company’s recent filing with the Securities & Exchange Commission. The firm now owns 7,330 shares of Guidewire Software, valued at $660,000. This represents a 5.9% increase in their stake, with an additional purchase of 409 shares during the reporting period.

Other hedge funds have also made changes to their stakes in Guidewire Software. New York Life Investment Management LLC purchased a new stake in the company during the third quarter, valued at $773,000. Mackenzie Financial Corp boosted its position by 31.7%, owning 37,422 shares worth $3.27 million. Duality Advisers LP and Rhumbline Advisers also acquired new stakes in the third quarter, worth $967,000 and $4.18 million respectively.

The increased stake by Pathstone Family Office and other hedge funds reflects their confidence in the future prospects of Guidewire Software. This comes as no surprise considering the positive recommendations that analysts have given the company. Oppenheimer raised their price target for Guidewire Software from $100.00 to $115.00, giving the company an “outperform” rating. The Goldman Sachs Group also upped the price target from $103.00 to $115.00 and gave the stock a “buy” rating.

Guidewire Software has a positive outlook in terms of financial performance as well. In their most recent quarterly report, the company beat analysts’ estimates for earnings per share, reporting ($0.44) EPS compared to the consensus estimate of ($0.50) EPS. With revenue of $207.41 million, surpassing estimates of $201.00 million, Guidewire Software shows promising growth potential. Sell-side analysts are forecasting that Guidewire Software, Inc. will post -0.69 EPS for the current fiscal year.

Guidewire Software provides a platform for property and casualty insurers worldwide. Their cloud-based applications, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud, offer comprehensive functionalities for policy, billing, and claims management in the insurance industry. With a strong financial performance and positive analyst ratings, Guidewire Software is well-positioned for growth and continued success in the market.

For more information on Guidewire Software and the latest developments in the company, investors can visit HoldingsChannel.com for the most recent 13F filings and insider updates.

FAQ Section:

1. What is the current stake of Pathstone Family Office LLC in Guidewire Software, Inc.?
– Pathstone Family Office LLC currently owns 7,330 shares of Guidewire Software, valued at $660,000. This represents a 5.9% increase in their stake.

2. Which other hedge funds have made changes to their stakes in Guidewire Software?
– Other hedge funds, such as New York Life Investment Management LLC, Mackenzie Financial Corp, Duality Advisers LP, and Rhumbline Advisers, have also made changes to their stakes in Guidewire Software.

3. What is the outlook for Guidewire Software?
– Analysts have given positive recommendations for Guidewire Software, with price targets being raised and “outperform” and “buy” ratings given by Oppenheimer and The Goldman Sachs Group, respectively.

4. How did Guidewire Software perform in its most recent quarterly report?
– Guidewire Software beat analysts’ estimates for earnings per share, reporting ($0.44) EPS compared to the consensus estimate of ($0.50) EPS. The company also surpassed revenue estimates, showing promising growth potential.

5. What services does Guidewire Software provide?
– Guidewire Software provides a platform for property and casualty insurers worldwide with their cloud-based applications, including PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud.

Definitions:
Stake: The amount or percentage of a company’s shares owned by an individual or entity.
Hedge funds: Investment funds that pool capital from accredited individuals or institutional investors to invest in a variety of assets.
Securities & Exchange Commission (SEC): A U.S. government agency responsible for regulating the securities industry, including overseeing public companies and protecting investors.

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