Teachers Retirement System of The State of Kentucky Sells 7,991 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 63.1% in the 3rd quarter, Holdings Channel reports. The firm owned 4,675 shares of the technology company’s stock after selling 7,991 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Guidewire Software were worth $855,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after buying an additional 679,558 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after acquiring an additional 256,702 shares in the last quarter. Teca Partners LP purchased a new stake in shares of Guidewire Software in the second quarter valued at approximately $25,893,000. Linonia Partnership LP grew its stake in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Guidewire Software during the 2nd quarter worth $22,318,000.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $174.52 on Thursday. The business has a fifty day moving average of $189.99 and a 200 day moving average of $163.80. Guidewire Software, Inc. has a 1 year low of $102.66 and a 1 year high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 484.78, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $193.00.

Insider Buying and Selling

In related news, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,797 shares of company stock valued at $2,760,663 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.