Colonial Trust Co SC Has $48,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Colonial Trust Co SC increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 176.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287 shares of the technology company’s stock after acquiring an additional 183 shares during the quarter. Colonial Trust Co SC’s holdings in Guidewire Software were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after acquiring an additional 418,642 shares during the period. Rathbones Group PLC acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $58,118,000. Balyasny Asset Management L.P. increased its position in shares of Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after purchasing an additional 329,863 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in shares of Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after purchasing an additional 291,774 shares in the last quarter.

Insider Activity

In related news, insider James Winston King sold 1,051 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the sale, the insider now owns 44,613 shares of the company’s stock, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now owns 258,593 shares of the company’s stock, valued at $43,397,077.26. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,771 shares of company stock valued at $6,507,557. 0.48% of the stock is currently owned by insiders.

Guidewire Software Stock Up 0.1 %

Shares of NYSE:GWRE opened at $213.63 on Friday. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company’s 50-day moving average price is $191.70 and its two-hundred day moving average price is $191.64. The firm has a market cap of $17.92 billion, a P/E ratio of 593.42, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during 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%. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, 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 research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.