Public Employees Retirement Association of Colorado Has $53.17 Million Stock Position in Guidewire Software, Inc. $GWRE

Public Employees Retirement Association of Colorado lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,525 shares of the technology company’s stock after purchasing an additional 10,500 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Guidewire Software were worth $53,172,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software during the 4th quarter worth $36,000. Harbour Investments Inc. boosted its stake in Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after buying an additional 112 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in Guidewire Software by 82.4% in the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after buying an additional 122 shares in the last quarter.

Guidewire Software Stock Performance

NYSE:GWRE opened at $122.77 on Monday. The stock’s 50-day simple moving average is $137.49 and its 200 day simple moving average is $157.32. The firm has a market capitalization of $10.22 billion, a PE ratio of 66.36 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a twelve month low of $113.67 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 6,576 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $1,077,543.36. Following the completion of the transaction, the president directly owned 135,407 shares in the company, valued at approximately $22,187,791.02. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 4,737 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $776,204.82. Following the completion of the transaction, the chief executive officer owned 221,206 shares of the company’s stock, valued at $36,246,815.16. This represents a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,722 shares of company stock worth $4,230,983. 0.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer reduced their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Citizens Jmp reduced their price objective on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Stifel Nicolaus reduced their price objective on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Finally, DA Davidson reduced their price objective on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.