Guidewire Software Inc (GWRE) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its stake in shares of Guidewire Software Inc (NYSE:GWRE) by 27.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,335 shares of the technology company’s stock after selling 1,630 shares during the period. Diversified Trust Co’s holdings in Guidewire Software were worth $322,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,476 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after purchasing an additional 794 shares in the last quarter. Zions Bancorporation acquired a new stake in Guidewire Software in the 3rd quarter worth about $161,000. Finally, CIBC Asset Management Inc acquired a new stake in Guidewire Software in the 3rd quarter worth about $200,000.

Several analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $86.00 price objective on shares of Guidewire Software in a research note on Friday, September 29th. BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Deutsche Bank restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Finally, TheStreet cut shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software has an average rating of “Buy” and a consensus target price of $80.11.

In related news, Director Craig Conway sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.99, for a total transaction of $46,794.00. Following the completion of the transaction, the director now directly owns 10,893 shares in the company, valued at approximately $849,545.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Polelle sold 3,241 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $73.24, for a total transaction of $237,370.84. Following the transaction, the insider now owns 5,522 shares of the company’s stock, valued at $404,431.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,534 shares of company stock valued at $7,767,441. 0.69% of the stock is owned by corporate insiders.

Guidewire Software Inc (GWRE) opened at $77.11 on Friday. The company has a market cap of $5,810.00, a P/E ratio of 308.44, a PEG ratio of 87.02 and a beta of 1.17. Guidewire Software Inc has a 12-month low of $51.00 and a 12-month high of $83.52.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. Guidewire Software’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. equities research analysts forecast that Guidewire Software Inc will post 0.06 EPS for the current year.

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About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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