Ensign Peak Advisors Inc Has $7.85 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Ensign Peak Advisors Inc lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 43.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,565 shares of the technology company's stock after purchasing an additional 14,042 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Guidewire Software worth $7,850,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ossiam acquired a new position in shares of Guidewire Software during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter. R Squared Ltd acquired a new position in Guidewire Software in the 4th quarter valued at about $47,000. Finally, Colonial Trust Co SC grew its stake in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Guidewire Software Stock Performance

NYSE GWRE traded up $1.38 during trading on Friday, reaching $216.55. The company's stock had a trading volume of 582,623 shares, compared to its average volume of 923,123. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The firm has a 50 day moving average price of $195.22 and a 200 day moving average price of $192.57.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 6,116 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the completion of the transaction, the president now directly owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now owns 44,613 shares of the company's stock, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,371 shares of company stock valued at $6,207,005. Company insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $206.08.

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.