Colonial Trust Co SC Acquires 183 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Colonial Trust Co SC increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 176.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 287 shares of the technology company’s stock after acquiring an additional 183 shares during the quarter. Colonial Trust Co SC’s holdings in Guidewire Software were worth $48,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Rathbones Group PLC bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $58,118,000. Balyasny Asset Management L.P. raised its position in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after buying an additional 329,863 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after buying an additional 291,774 shares during the period.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.63 on Friday. The company’s 50 day moving average price is $191.70 and its two-hundred day moving average price is $191.64. The firm has a market capitalization of $17.92 billion, a P/E ratio of 593.42, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One 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, the company has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares in the company, valued at approximately $58,060,758.60. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,051 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares of the company’s stock, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,771 shares of company stock worth $6,507,557. Insiders own 0.48% of the company’s stock.

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.