Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Raised by Whittier Trust Co.

Whittier Trust Co. lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,382 shares of the technology company’s stock after purchasing an additional 2,126 shares during the period. Whittier Trust Co. owned about 0.07% of Guidewire Software worth $10,010,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GWRE. Versant Capital Management Inc bought a new position in Guidewire Software during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $33,000. Cullen Frost Bankers Inc. bought a new position in Guidewire Software during the fourth quarter worth $34,000. Brooklyn Investment Group acquired a new position in Guidewire Software in the third quarter worth $42,000. Finally, R Squared Ltd bought a new stake in Guidewire Software during the fourth quarter valued at $47,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Insider Activity

In related news, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the sale, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,780 shares of company stock worth $6,886,553. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Performance

Shares of GWRE opened at $193.25 on Friday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a market capitalization of $16.21 billion, a PE ratio of 536.81, a P/E/G ratio of 37.21 and a beta of 1.31. The firm has a 50-day moving average price of $197.06 and a 200 day moving average price of $186.82. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 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.