Parkside Financial Bank & Trust Grows Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Parkside Financial Bank & Trust grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,803 shares of the technology company’s stock after acquiring an additional 142 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Guidewire Software were worth $197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in shares of Guidewire Software during the third quarter valued at $25,000. RiverPark Advisors LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at $27,000. CENTRAL TRUST Co purchased a new position in shares of Guidewire Software during the third quarter valued at $29,000. Castleview Partners LLC purchased a new position in shares of Guidewire Software during the third quarter valued at $40,000. Finally, Lindbrook Capital LLC boosted its position in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares in the last quarter.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $113.50 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. The business has a 50-day simple moving average of $115.16 and a two-hundred day simple moving average of $106.41. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.22. The business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. On average, equities analysts forecast that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWRE. Oppenheimer raised their price objective on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Raymond James began coverage on Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. Finally, Robert W. Baird raised their price objective on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders sold a total of 9,435 shares of company stock worth $1,053,821 over the last three months. 0.38% of the stock is currently owned by 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.