First Bank & Trust Has $287,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

First Bank & Trust lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,455 shares of the technology company’s stock after selling 252 shares during the period. First Bank & Trust’s holdings in Guidewire Software were worth $287,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at $27,000. Lindbrook Capital LLC raised its holdings in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at $56,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Guidewire Software during the 4th quarter valued at $57,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GWRE shares. BTIG Research raised their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Stifel Nicolaus raised their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Bank of America lifted their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Oppenheimer lifted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

Insider Activity

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,064 shares of company stock worth $1,710,361. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Stock Performance

NYSE:GWRE opened at $137.89 on Friday. The firm’s 50-day moving average is $122.99 and its 200-day moving average is $116.37. Guidewire Software, Inc. has a 52-week low of $74.03 and a 52-week high of $139.91.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The company had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Sell-side analysts forecast that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

Guidewire Software Profile

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.