Blue Trust Inc. Has $117,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Blue Trust Inc. boosted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 254.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 642 shares of the technology company’s stock after acquiring an additional 461 shares during the quarter. Blue Trust Inc.’s holdings in Guidewire Software were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Donoghue Forlines LLC bought a new position in Guidewire Software in the 4th quarter worth approximately $2,110,000. Janney Montgomery Scott LLC boosted its holdings in Guidewire Software by 7.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the technology company’s stock valued at $1,713,000 after purchasing an additional 699 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Guidewire Software by 700.0% in the 4th quarter. SG Americas Securities LLC now owns 29,000 shares of the technology company’s stock valued at $4,889,000 after purchasing an additional 25,375 shares during the period. Atomi Financial Group Inc. boosted its stake in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares in the last quarter. Finally, Perpetual Ltd bought a new stake in Guidewire Software in the fourth quarter valued at $475,000.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the sale, the president now owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,106 shares of company stock valued at $6,489,127. 0.48% of the stock is currently owned by insiders.

Guidewire Software Stock Down 0.4 %

Shares of NYSE GWRE opened at $217.41 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 capitalization of $18.16 billion, a PE ratio of 603.90, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. The firm’s 50-day moving average is $184.68 and its 200-day moving average is $176.02. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.49.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Oppenheimer boosted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group began coverage on Guidewire Software in a report on Thursday, January 23rd. They set a “buy” rating and a $210.00 price target for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $202.00.

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.