Oregon Public Employees Retirement Fund Purchases Shares of 17,000 Guidewire Software, Inc. (NYSE:GWRE)

Oregon Public Employees Retirement Fund acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the technology company's stock, valued at approximately $3,185,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ossiam bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB increased its position in Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares during the period. Dunhill Financial LLC bought a new position in Guidewire Software in the 1st quarter worth $33,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the 4th quarter worth about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the sale, the chief executive officer directly owned 245,993 shares in the company, valued at approximately $63,097,204.50. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the sale, the president owned 146,489 shares in the company, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,860 shares of company stock worth $4,126,104. Insiders own 0.48% of the company's stock.

Guidewire Software Trading Up 1.2%

Guidewire Software stock opened at $230.38 on Friday. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 575.95, a price-to-earnings-growth ratio of 20.20 and a beta of 1.16. The business's fifty day simple moving average is $225.39 and its two-hundred day simple moving average is $202.14. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Guidewire Software's quarterly revenue was up 22.0% compared to the same quarter last year. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America increased their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. JMP Securities raised their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $248.31.

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.

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