Public Employees Retirement System of Ohio Reduces Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Public Employees Retirement System of Ohio trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,901 shares of the technology company’s stock after selling 3,202 shares during the period. Public Employees Retirement System of Ohio’s holdings in Guidewire Software were worth $4,307,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Partners Capital Investment Group LLP raised its position in shares of Guidewire Software by 2.9% in the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares during the last quarter. Greenwich Wealth Management LLC raised its holdings in Guidewire Software by 0.3% in the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after acquiring an additional 101 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Guidewire Software by 8.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after purchasing an additional 142 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after purchasing an additional 179 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the sale, the chief financial officer now directly owns 63,479 shares of the company’s stock, valued at $8,540,464.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,064 shares of company stock valued at $1,747,850. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Performance

Guidewire Software stock opened at $150.07 on Thursday. The firm has a market capitalization of $12.41 billion, a PE ratio of -1,154.38 and a beta of 1.19. Guidewire Software, Inc. has a one year low of $78.05 and a one year high of $153.85. The stock’s 50 day moving average price is $134.20 and its 200 day moving average price is $121.88.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.14. The firm had revenue of $240.68 million for the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. On average, analysts forecast that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of several recent analyst reports. Bank of America increased their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. BTIG Research raised their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Oppenheimer boosted their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company increased their target price on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.31.

Guidewire Software 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.