Arizona State Retirement System Has $3.86 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Arizona State Retirement System grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GWRE. QRG Capital Management Inc. grew its position in Guidewire Software by 265.4% in the 3rd quarter. QRG Capital Management Inc. now owns 6,990 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 5,077 shares during the last quarter. Portside Wealth Group LLC acquired a new stake in Guidewire Software in the 3rd quarter worth $201,000. Assetmark Inc. grew its position 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 last quarter. Chartwell Investment Partners LLC acquired a new stake in Guidewire Software in the 3rd quarter worth $1,502,000. Finally, GDS Wealth Management acquired a new stake in Guidewire Software in the 3rd quarter worth $477,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GWRE shares. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now owns 172,446 shares of the company’s stock, valued at $35,028,955.98. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,656 shares of company stock worth $7,856,836. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Trading Down 7.1 %

GWRE opened at $173.72 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 482.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The firm has a 50 day simple moving average of $194.68 and a 200 day simple moving average of $184.83. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.