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

OMERS ADMINISTRATION Corp acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,900 shares of the technology company’s stock, valued at approximately $918,000.

A number of other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the 1st quarter worth approximately $25,000. Quarry LP purchased a new stake in Guidewire Software during the first quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Guidewire Software in the first quarter worth $31,000. Westside Investment Management Inc. acquired a new stake in shares of Guidewire Software in the second quarter worth $32,000. Finally, Brooklyn Investment Group raised its stake 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 valued at $42,000 after acquiring an additional 62 shares during the period.

Analysts Set New Price Targets

GWRE has been the subject of a number of research reports. The Goldman Sachs Group upped their price target on shares of 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 upped their target price on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Stifel Nicolaus increased their target price on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Robert W. Baird upped their price target on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $272.00.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 798 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $222.54, for a total transaction of $177,586.92. Following the completion of the transaction, the insider directly owned 37,019 shares of the company’s stock, valued at $8,238,208.26. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $213.44, for a total transaction of $298,816.00. Following the completion of the sale, the chief executive officer directly owned 249,558 shares of the company’s stock, valued at $53,265,659.52. The trade was a 0.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 112,342 shares of company stock worth $27,113,960. Insiders own 0.46% of the company’s stock.

Guidewire Software Trading Up 0.5%

NYSE:GWRE opened at $215.81 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. Guidewire Software, Inc. has a one year low of $165.08 and a one year high of $272.60. The business’s 50-day simple moving average is $229.10 and its 200 day simple moving average is $229.08. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 269.76, a price-to-earnings-growth ratio of 13.06 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same quarter last year, the firm earned $0.43 EPS. Guidewire Software’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts predict 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.