New York State Common Retirement Fund Sells 21,956 Shares of Guidewire Software, Inc. (NYSE:GWRE)

New York State Common Retirement Fund cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 728,193 shares of the technology company’s stock after selling 21,956 shares during the quarter. New York State Common Retirement Fund owned approximately 0.89% of Guidewire Software worth $79,402,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GWRE. National Bank of Canada FI grew its position in Guidewire Software by 13.7% during the 3rd quarter. National Bank of Canada FI now owns 2,163 shares of the technology company’s stock worth $194,000 after acquiring an additional 260 shares during the last quarter. CWM LLC lifted its stake in shares of Guidewire Software by 43.6% in the 3rd quarter. CWM LLC now owns 975 shares of the technology company’s stock valued at $88,000 after purchasing an additional 296 shares during the period. Oak Thistle LLC purchased a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $902,000. Asset Management One Co. Ltd. lifted its stake in shares of Guidewire Software by 8.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 77,151 shares of the technology company’s stock valued at $6,961,000 after purchasing an additional 6,098 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Guidewire Software by 15.5% in the 3rd quarter. Xponance Inc. now owns 3,248 shares of the technology company’s stock valued at $292,000 after purchasing an additional 435 shares during the period.

Guidewire Software Stock Up 3.6 %

Shares of NYSE GWRE opened at $113.77 on Wednesday. The business’s 50 day moving average is $115.16 and its two-hundred day moving average is $106.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35.

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,435 shares of company stock valued at $1,053,821. 0.38% of the stock is currently owned by insiders.

About Guidewire Software

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.