Parkside Financial Bank & Trust Has $197,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Parkside Financial Bank & Trust raised its position in Guidewire Software, Inc. (NYSE:GWRE) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,803 shares of the technology company’s stock after acquiring an additional 142 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Guidewire Software were worth $197,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its stake in shares of Guidewire Software by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 161,960 shares of the technology company’s stock worth $17,660,000 after buying an additional 435 shares during the last quarter. Greenwich Wealth Management LLC increased its position in Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after acquiring an additional 101 shares during the period. CWM LLC increased its position in Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after acquiring an additional 179 shares during the period. Verdence Capital Advisors LLC increased its position in Guidewire Software by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 6,383 shares of the technology company’s stock worth $696,000 after acquiring an additional 186 shares during the period. Finally, Lindbrook Capital LLC increased its position in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after acquiring an additional 132 shares during the period.

Guidewire Software Stock Down 0.3 %

NYSE:GWRE opened at $113.50 on Thursday. The firm’s 50 day simple moving average is $115.16 and its 200 day simple moving average is $106.41. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a one year low of $68.45 and a one year high of $122.35.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. On average, equities analysts anticipate that Guidewire Software, Inc. will post -0.42 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,435 shares of company stock worth $1,053,821. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GWRE. Oppenheimer raised their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Raymond James began coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Finally, Robert W. Baird raised their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Guidewire Software Company 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.