Public Employees Retirement Association of Colorado boosted its stake in Guidewire Software Inc (NYSE:GWRE) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,641 shares of the company’s stock after buying an additional 2,322 shares during the period. Public Employees Retirement Association of Colorado owned about 0.24% of Guidewire Software worth $10,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. LMR Partners LLP bought a new stake in shares of Guidewire Software during the second quarter worth $2,891,000. Emerald Advisers Inc. PA raised its stake in shares of Guidewire Software by 0.6% in the second quarter. Emerald Advisers Inc. PA now owns 226,950 shares of the company’s stock worth $14,016,000 after buying an additional 1,340 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of Guidewire Software by 3.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 243,581 shares of the company’s stock worth $15,044,000 after buying an additional 8,540 shares during the period. Bank of Montreal Can bought a new stake in shares of Guidewire Software during the second quarter worth $159,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Guidewire Software by 140.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 60,000 shares of the company’s stock worth $3,524,000 after buying an additional 35,000 shares during the period.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

Shares of Guidewire Software Inc (NYSE:GWRE) traded down 0.07% on Friday, hitting $58.34. 288,699 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $60.65 and its 200 day moving average price is $59.43. The stock has a market cap of $4.26 billion and a price-to-earnings ratio of 291.70. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. On average, equities analysts predict that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a report on Wednesday, September 7th. JMP Securities restated a “hold” rating on shares of Guidewire Software in a research report on Thursday, September 8th. Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a research report on Thursday, September 8th. Finally, TheStreet upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $69.38.

In other Guidewire Software news, General Counsel James Winston King sold 562 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $62.05, for a total transaction of $34,872.10. Following the transaction, the general counsel now directly owns 104 shares of the company’s stock, valued at approximately $6,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $60.36, for a total transaction of $1,207,200.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $1,207,200. The disclosure for this sale can be found here.

About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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