Guidewire Software, Inc. (NYSE:GWRE) Position Increased by Arizona State Retirement System

Arizona State Retirement System raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,890 shares of the technology company’s stock after buying an additional 278 shares during the period. Arizona State Retirement System’s holdings in Guidewire Software were worth $3,859,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in Guidewire Software in the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software in the 4th quarter worth approximately $47,000.

Insider Activity

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 value of $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the transaction, the chief executive officer now owns 270,530 shares in the company, valued at $54,952,758.90. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,656 shares of company stock worth $7,856,836. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 7.1 %

Guidewire Software stock opened at $173.72 on Friday. The company has a market capitalization of $14.51 billion, a P/E ratio of 482.56, a P/E/G ratio of 37.21 and a beta of 1.31. The firm’s fifty day simple moving average is $194.68 and its 200-day simple moving average is $184.83. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.08.

About Guidewire Software

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.