OMERS ADMINISTRATION Corp Makes New $918,000 Investment in Guidewire Software, Inc. $GWRE

OMERS ADMINISTRATION Corp purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,900 shares of the technology company’s stock, valued at approximately $918,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the first quarter worth $25,000. Quarry LP purchased a new position in shares of Guidewire Software in the first quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of Guidewire Software during the 1st quarter worth $31,000. Westside Investment Management Inc. purchased a new stake in shares of Guidewire Software in the 2nd quarter worth about $32,000. Finally, Brooklyn Investment Group boosted its position in shares of Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock worth $42,000 after buying an additional 62 shares in the last quarter.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $213.44, for a total transaction of $298,816.00. Following the completion of the transaction, the chief executive officer owned 249,558 shares of the company’s stock, valued at $53,265,659.52. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 798 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $222.54, for a total transaction of $177,586.92. Following the transaction, the insider owned 37,019 shares in the company, valued at approximately $8,238,208.26. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 112,342 shares of company stock worth $27,113,960 in the last 90 days. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GWRE shares. Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Wells Fargo & Company increased their target price on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Stifel Nicolaus boosted their price target on Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Citigroup decreased their price objective on Guidewire Software from $267.00 to $242.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.00.

Guidewire Software Trading Up 0.5%

Shares of GWRE opened at $215.81 on Thursday. The stock has a fifty day moving average of $229.10 and a two-hundred day moving average of $229.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. The company has a market capitalization of $18.35 billion, a PE ratio of 269.76, a price-to-earnings-growth ratio of 13.06 and a beta of 1.08. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software Company 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.