Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Commerce Bank

Commerce Bank increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 225.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,845 shares of the technology company's stock after purchasing an additional 15,835 shares during the quarter. Commerce Bank's holdings in Guidewire Software were worth $3,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. increased its position in Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new position in Guidewire Software in the 4th quarter valued at about $2,110,000. GDS Wealth Management boosted its stake in shares of Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Banco Santander S.A. purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $427,000. Finally, Amica Mutual Insurance Co. lifted its stake in shares of Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock valued at $1,191,000 after buying an additional 3,835 shares during the period.

Guidewire Software Stock Down 1.4 %

Shares of GWRE stock traded down $2.80 on Friday, hitting $197.12. The stock had a trading volume of 799,045 shares, compared to its average volume of 910,485. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 547.56, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock's 50 day moving average is $190.74 and its 200-day moving average is $190.08.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James Winston King sold 1,051 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the sale, the chief executive officer now owns 277,530 shares in the company, valued at $56,033,307. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,771 shares of company stock worth $7,139,163. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GWRE. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird raised their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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.