Robeco Institutional Asset Management B.V. is one of the leading financial institutions that provides investment management services. According to its recent filing with the Securities and Exchange Commission, it has increased its holdings in Guidewire Software, Inc. (NYSE: GWRE) by 8.7% in the fourth quarter. The institutional investor now owns 100,000 shares of Guidewire Software’s stock, after buying an additional 8,034 shares during the period. This acquisition provides Robeco Institutional Asset Management B.V. with a total worth of $6,256,000 in Guidewire Software.
Guidewire Software, Inc is a technology platform provider for global property and casualty insurance industries. Through its software products such as InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow among others and a partner ecosystem that gives end-users diverse options to choose from when choosing their ideal coverage plans.
Guidewire’s stock opened at $74.28 on Wednesday morning and has been trending positively over time with a gradual surge towards higher pricing from its 12-month low at $52.08 to hitting an all-time high record of $87.26 within that period.
The recent acquisition of shares by Robeco Institutional Asset Management B.V. underscores their confidence in Guidewire Software as an investment option for them given that the company’s fundamentals are sound enough to support growth trajectory.
Guidewire’s impressive product offerings enable them to deliver quality services that are tailor-made and flexible enough to cater for varying client needs thereby expanding its customer base at a steady pace.
As of May 3rd, Guidewire Software had a current ratio of 3.66 and quick ratio of 3.66 demonstrating their financial strength and flexibility around managing turnover opportunities as they arise even amidst potential difficulties that crisis events such as Covid-19 have thrown into the mix.
This impressive financial performance has contributed significantly to Guidewire Software commanding total market capitalisation worth $6.06 billion and a high price to earning ratio of -37.14.
In conclusion, Robeco Institutional Asset Management’s acquisition of Guidewire Software’s shares is indicative of a growing confidence in the company’s performance in both functions and financial health. A forecast that may carry the trend towards more bullish sentiments in the future.
Source: https://beststocks.com/robeco-institutional-asset-management-increases-ho-3/
