First Bank & Trust Buys 200 Shares of Guidewire Software, Inc. (NYSE:GWRE)

First Bank & Trust boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 8.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,655 shares of the technology company’s stock after purchasing 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 reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ORG Partners LLC purchased a new stake in shares of Guidewire Software during the 1st quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $31,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $41,000. DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $55,000.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $0.94 on Friday, hitting $187.11. 590,690 shares of the company traded hands, compared to its average volume of 905,886. The stock’s 50 day moving average price is $170.57 and its 200-day moving average price is $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 issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software 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 transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was 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 directly owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 over the last ninety days. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. BTIG Research increased their price target on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada increased their price target on Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Oppenheimer restated an “outperform” rating and set a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Finally, JMP Securities increased their price target on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.62.

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.