Teachers Retirement System of The State of Kentucky Boosts Position in Guidewire Software, Inc. (NYSE:GWRE)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,024.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,170 shares of the technology company's stock after buying an additional 23,842 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Guidewire Software were worth $4,903,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the period. Congress Asset Management Co. purchased a new stake in Guidewire Software in the first quarter worth $85,453,000. Arrowstreet Capital Limited Partnership boosted its holdings in Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Guidewire Software by 242.2% in the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after acquiring an additional 393,445 shares in the last quarter. Finally, Rathbones Group PLC bought a new stake in Guidewire Software in the fourth quarter worth $58,118,000.

Guidewire Software Stock Up 0.3%

GWRE stock opened at $222.47 on Tuesday. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The business's 50-day moving average is $229.25 and its two-hundred day moving average is $206.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The company has a market cap of $18.73 billion, a price-to-earnings ratio of 556.16, a P/E/G ratio of 19.67 and a beta of 1.16.

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

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the completion of the sale, the president owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 2,482 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the sale, the insider owned 37,441 shares of the company's stock, valued at $8,261,356.65. This represents a 6.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,342 shares of company stock worth $4,843,857. Corporate insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Stifel Nicolaus upped their price target on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price target on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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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