Teacher Retirement System of Texas Acquires 13,172 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Teacher Retirement System of Texas raised its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 53.5% in the 4th quarter, HoldingsChannel reports. The fund owned 37,801 shares of the technology company’s stock after acquiring an additional 13,172 shares during the period. Teacher Retirement System of Texas’ holdings in Guidewire Software were worth $6,372,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Atomi Financial Group Inc. increased its holdings in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the period. Donoghue Forlines LLC bought a new position in shares of Guidewire Software during the fourth quarter worth about $2,110,000. GDS Wealth Management lifted its stake in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares during the period. Whale Rock Capital Management LLC boosted its holdings in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in Guidewire Software in the fourth quarter valued at approximately $427,000.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now owns 166,330 shares of the company’s stock, valued at $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the sale, the chief financial officer now directly owns 71,538 shares of the company’s stock, valued at $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,780 shares of company stock worth $6,886,553. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Price Performance

Shares of GWRE opened at $191.84 on Monday. The business’s fifty day moving average is $197.47 and its 200 day moving average is $187.69. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.09 billion, a P/E ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31.

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