Strs Ohio Lowers Stake in Guidewire Software, Inc. (NYSE:GWRE)

Strs Ohio cut its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 21.5% during the fourth quarter, HoldingsChannel reports. The firm owned 14,621 shares of the technology company’s stock after selling 4,001 shares during the period. Strs Ohio’s holdings in Guidewire Software were worth $1,594,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its stake in shares of Guidewire Software by 28.1% during the 4th quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock worth $44,000 after buying an additional 155 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Guidewire Software by 11.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,661 shares of the technology company’s stock worth $149,000 after purchasing an additional 164 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Guidewire Software by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 35,826 shares of the technology company’s stock worth $3,224,000 after buying an additional 190 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Guidewire Software by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,678 shares of the technology company’s stock worth $601,000 after purchasing an additional 194 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in Guidewire Software by 2.0% during the 1st quarter. Raymond James Trust N.A. now owns 10,089 shares of the technology company’s stock valued at $955,000 after buying an additional 195 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Raymond James assumed coverage on shares of Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Finally, Oppenheimer increased their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The disclosure for this sale can be found here. Insiders have sold 9,435 shares of company stock valued at $1,053,821 over the last quarter. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Performance

GWRE stock opened at $107.64 on Monday. The firm has a market cap of $8.86 billion, a P/E ratio of -173.61 and a beta of 1.15. The stock’s 50 day simple moving average is $115.37 and its 200 day simple moving average is $106.11. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $240.93 million. As a group, equities research analysts predict that Guidewire Software, Inc. will post -0.42 EPS for the current year.

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.