Maryland State Retirement & Pension System Sells 306 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Maryland State Retirement & Pension System trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,369 shares of the technology company’s stock after selling 306 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Guidewire Software were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GWRE. Atomi Financial Group Inc. grew its position in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after acquiring an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $2,110,000. GDS Wealth Management grew its holdings in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after buying an additional 31,512 shares during the period. Finally, Banco Santander S.A. bought a new stake in Guidewire Software during the 4th quarter valued at $427,000.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $197.55 on Tuesday. The company’s fifty day moving average price is $198.04 and its 200-day moving average price is $188.07. The stock has a market cap of $16.57 billion, a PE ratio of 548.75, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Insider Buying and Selling

In other news, insider James Winston King sold 270 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $244,692.00. Following the transaction, the chief executive officer now directly owns 280,330 shares in the company, valued at approximately $48,996,077.40. The trade was a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,780 shares of company stock worth $6,886,553 in the last 90 days. Insiders own 0.48% of the company’s stock.

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.