Louisiana State Employees Retirement System Invests $3.69 Million in Guidewire Software, Inc. $GWRE

Louisiana State Employees Retirement System acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 24,700 shares of the technology company’s stock, valued at approximately $3,694,000.

Several other large investors have also added to or reduced their stakes in GWRE. Geode Capital Management LLC increased its holdings in Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after purchasing an additional 145,924 shares in the last quarter. Stockbridge Partners LLC boosted its holdings in shares of Guidewire Software by 39.0% during the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after buying an additional 405,850 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Guidewire Software by 3.6% during the 4th quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock worth $264,693,000 after buying an additional 45,289 shares during the period. Capital World Investors acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $202,405,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Guidewire Software by 34.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock valued at $225,894,000 after acquiring an additional 251,280 shares in the last quarter.

Guidewire Software Price Performance

Shares of GWRE opened at $121.10 on Friday. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The business’s fifty day moving average is $132.62 and its 200 day moving average is $150.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market cap of $10.08 billion, a P/E ratio of 65.46 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. Sell-side analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on GWRE shares. Royal Bank Of Canada cut their target price on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Wells Fargo & Company dropped their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group cut their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $221.36.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $692,254.20. Following the completion of the transaction, the chief executive officer directly owned 199,776 shares in the company, valued at $23,721,402.24. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $308,011.56. Following the sale, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. The trade was a 3.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 29,709 shares of company stock valued at $3,740,332. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.