Whittier Trust Co. Has $10.01 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Whittier Trust Co. lifted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 59,382 shares of the technology company’s stock after purchasing an additional 2,126 shares during the period. Whittier Trust Co.’s holdings in Guidewire Software were worth $10,010,000 at the end of the most recent quarter.

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

Insider Activity

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the sale, the chief financial officer now owns 71,538 shares of the company’s stock, valued at $13,550,012.58. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 6,116 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the transaction, the president now owns 166,330 shares of the company’s stock, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,780 shares of company stock valued at $6,886,553 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GWRE shares. Robert W. Baird raised their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Wells Fargo & Company increased their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Down 1.5 %

GWRE stock opened at $193.25 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.21 billion, a PE ratio of 536.81, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a fifty day simple moving average of $197.06 and a 200 day simple moving average of $186.82.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS 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.