Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,113 shares of the technology company’s stock after purchasing an additional 528 shares during the quarter. New York Life Investment Management LLC’s holdings in Guidewire Software were worth $994,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Xponance Inc. grew its position in Guidewire Software by 15.5% during the third quarter. Xponance Inc. now owns 3,248 shares of the technology company’s stock valued at $292,000 after buying an additional 435 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Guidewire Software by 19.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,566 shares of the technology company’s stock valued at $1,401,000 after acquiring an additional 2,538 shares during the period. Mackenzie Financial Corp grew its position in shares of Guidewire Software by 31.7% during the 3rd quarter. Mackenzie Financial Corp now owns 37,422 shares of the technology company’s stock valued at $3,268,000 after acquiring an additional 9,007 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Guidewire Software in the 3rd quarter valued at about $569,000. Finally, CENTRAL TRUST Co acquired a new position in Guidewire Software in the 3rd quarter worth about $29,000.

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael George Rosenbaum sold 4,420 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 $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated 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 directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders have sold a total of 9,435 shares of company stock worth $1,053,821 in the last quarter. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Guidewire Software Stock Down 0.1 %

Shares of NYSE GWRE opened at $116.65 on Wednesday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $113.98 and a 200 day moving average of $108.03. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The stock has a market cap of $9.60 billion, a PE ratio of -188.14 and a beta of 1.14.

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