First Bank & Trust Boosts Holdings in Guidewire Software, Inc. (NYSE:GWRE)

First Bank & Trust grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,655 shares of the technology company’s stock after acquiring an additional 200 shares during the quarter. First Bank & Trust’s holdings in Guidewire Software were worth $486,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GWRE. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Guidewire Software by 4.8% in the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 shares during the last quarter. Finally, Legacy Advisors LLC grew its holdings in shares of Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 135 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on GWRE shares. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. DA Davidson reiterated a “buy” rating and issued a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, October 11th. BTIG Research lifted 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, Robert W. Baird lifted their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $178.62.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 4,514 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $9,050,448 in the last quarter. 0.38% of the stock is owned by insiders.

Guidewire Software Price Performance

Shares of GWRE traded down $0.94 during trading hours on Friday, hitting $187.11. The company had a trading volume of 590,690 shares, compared to its average volume of 905,886. The firm has a fifty day moving average price of $170.57 and a 200-day moving average price of $143.63. Guidewire Software, Inc. has a 52-week low of $85.15 and a 52-week high of $191.48.

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