CHICAGO TRUST Co NA Purchases 355 Shares of Guidewire Software, Inc. (NYSE:GWRE)

CHICAGO TRUST Co NA grew its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.5% in the third quarter, HoldingsChannel.com reports. The fund owned 3,200 shares of the technology company’s stock after buying an additional 355 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Guidewire Software were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after acquiring an additional 67,439 shares during the last quarter. Wasatch Advisors LP raised its holdings 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. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 23.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after purchasing an additional 516,942 shares during the period. Linonia Partnership LP boosted its stake in shares of Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its position in shares of Guidewire Software by 23.4% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares during the period.

Guidewire Software Stock Up 1.3 %

Shares of Guidewire Software stock opened at $185.82 on Monday. The stock has a market cap of $15.36 billion, a P/E ratio of -1,429.38 and a beta of 1.19. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $187.85. The business’s 50 day moving average is $161.87 and its 200-day moving average is $138.91.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for 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 firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of several analyst reports. Citigroup increased their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada raised their price target on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price (up from $185.00) on shares of Guidewire Software in a report on Friday. BTIG Research boosted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $178.62.

Insider Activity

In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the transaction, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,601 shares of company stock valued at $8,984,892. 0.38% of the stock is 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.