Whittier Trust Co. Boosts Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Whittier Trust Co. grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,256 shares of the technology company’s stock after buying an additional 2,534 shares during the period. Whittier Trust Co. owned 0.07% of Guidewire Software worth $10,474,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Guidewire Software during the 1st quarter valued at approximately $417,000. Cetera Investment Advisers lifted its position in Guidewire Software by 648.0% during the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 15,695 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guidewire Software by 13.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,489 shares of the technology company’s stock valued at $13,012,000 after purchasing an additional 13,163 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Guidewire Software by 8.1% in the first quarter. Sei Investments Co. now owns 400,284 shares of the technology company’s stock valued at $46,717,000 after purchasing an additional 30,161 shares during the period.

Guidewire Software Stock Down 0.2 %

Shares of GWRE traded down $0.45 during trading hours on Monday, reaching $188.64. 373,968 shares of the company traded hands, compared to its average volume of 697,673. The stock has a fifty day simple moving average of $166.48 and a 200 day simple moving average of $141.47. The stock has a market capitalization of $15.59 billion, a PE ratio of -1,453.31 and a beta of 1.19. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $191.48.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. Research analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GWRE. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. JMP Securities boosted their price target on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, October 11th. Citigroup raised their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Royal Bank of Canada increased their target price on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their price target on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares in the company, valued at $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,251 shares of company stock worth $8,797,080. 0.38% of the stock is currently owned by company insiders.

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.