New York State Teachers Retirement System Makes New $9.80 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

New York State Teachers Retirement System purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 52,308 shares of the technology company’s stock, valued at approximately $9,800,000. New York State Teachers Retirement System owned approximately 0.06% of Guidewire Software as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after purchasing an additional 56 shares in the last quarter. Norden Group LLC raised its holdings in shares of Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after acquiring an additional 61 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Fifth Third Bancorp lifted its stake in Guidewire Software by 16.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company’s stock worth $107,000 after acquiring an additional 80 shares during the period. Finally, True Wealth Design LLC grew its holdings in Guidewire Software by 14.4% during the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company’s stock worth $114,000 after acquiring an additional 85 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GWRE. Oppenheimer upped their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Friday, June 6th. DA Davidson restated a “neutral” rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. Finally, Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $248.31.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $236.89, for a total value of $331,646.00. Following the completion of the transaction, the chief executive officer directly owned 235,868 shares in the company, valued at $55,874,770.52. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael C. Keller sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total value of $237,530.00. Following the completion of the sale, the director owned 10,410 shares in the company, valued at approximately $2,472,687.30. This represents a 8.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,860 shares of company stock worth $4,126,104. 0.48% of the stock is currently owned by insiders.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $230.38 on Friday. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The company has a market cap of $19.40 billion, a PE ratio of 575.95, a P/E/G ratio of 20.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The business has a 50-day simple moving average of $225.39 and a two-hundred day simple moving average of $202.14.

Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to analysts’ expectations of $286.40 million. During the same period last year, the business earned $0.26 EPS. Guidewire Software’s revenue for the quarter was up 22.0% on a year-over-year basis. As a group, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.