Teachers Retirement System of The State of Kentucky Has $392,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,328 shares of the technology company's stock after selling 2,347 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Guidewire Software were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GWRE. Vanguard Group Inc. grew its position in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% during 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. Artisan Partners Limited Partnership increased its position in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares during the last quarter. Geode Capital Management LLC raised its stake in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after buying an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter.

Insider Buying and Selling

In related news, insider James Winston King sold 1,051 shares of the 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 $199,069.91. Following the completion of the transaction, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the completion of the sale, the chief executive officer now owns 276,130 shares in the company, valued at $57,551,014.60. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,771 shares of company stock worth $7,134,011. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GWRE shares. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Price Performance

Guidewire Software stock traded up $5.00 during mid-day trading on Friday, reaching $209.61. 381,410 shares of the company were exchanged, compared to its average volume of 916,983. The firm has a market cap of $17.58 billion, a PE ratio of 582.25, a PEG ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a fifty day simple moving average of $190.29 and a 200-day simple moving average of $190.84. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS 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 company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.