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

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

A number of other large investors have also recently added to or reduced their stakes in GWRE. RiverPark Advisors LLC acquired a new stake in Guidewire Software in the fourth quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at about $27,000. Lindbrook Capital LLC raised its position in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the period. GAMMA Investing LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at about $56,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Guidewire Software in the fourth quarter valued at about $57,000.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the sale, the chief financial officer now owns 61,714 shares in the company, valued at $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,710,361 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Trading Up 0.5 %

Shares of Guidewire Software stock opened at $137.89 on Friday. Guidewire Software, Inc. has a 12-month low of $74.03 and a 12-month high of $139.91. The firm’s 50-day moving average price is $122.99 and its two-hundred day moving average price is $116.37.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Robert W. Baird increased their price objective on shares of Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Oppenheimer increased their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. BTIG Research increased their price objective on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.08.

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.