Alaska Permanent Fund Corp Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Alaska Permanent Fund Corp bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, Holdings Channel reports. The firm bought 6,795 shares of the technology company’s stock, valued at approximately $741,000.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Guidewire Software in the 4th quarter worth $56,000. Parkside Financial Bank & Trust raised its stake in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after buying an additional 142 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Guidewire Software by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 161,960 shares of the technology company’s stock worth $17,660,000 after buying an additional 435 shares in the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Guidewire Software by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after buying an additional 101 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after buying an additional 179 shares in the last quarter.

Guidewire Software Trading Down 1.3 %

Shares of Guidewire Software stock opened at $111.98 on Friday. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The firm has a market cap of $9.22 billion, a PE ratio of -180.56 and a beta of 1.15. The business’s fifty day moving average is $115.06 and its two-hundred day moving average is $106.46. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE) last issued its quarterly 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. The company had revenue of $240.90 million for 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%. Analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other news, insider John P. Mullen sold 3,665 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software 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 completion of the transaction, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of 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 three months. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. Robert W. Baird upped their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. 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. Raymond James began coverage on Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price on the stock. Finally, Oppenheimer increased their target price 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 assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.11.

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.