Commerce Bank Purchases 15,835 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Commerce Bank boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 225.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,845 shares of the technology company's stock after buying 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 reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC grew its position in Guidewire Software by 649.4% during the 3rd quarter. Virtu Financial LLC now owns 14,650 shares of the technology company's stock worth $2,680,000 after acquiring an additional 12,695 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Guidewire Software by 79.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company's stock worth $1,135,000 after buying an additional 2,487 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Guidewire Software during the 3rd quarter worth approximately $125,000. American Trust increased its position in Guidewire Software by 55.1% in the 3rd quarter. American Trust now owns 2,898 shares of the technology company's stock valued at $530,000 after acquiring an additional 1,029 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter valued at $25,000.

Insider Buying and Selling

In other news, insider James Winston King sold 1,051 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $201.90, for a total value of $282,660.00. Following the completion of the transaction, the chief executive officer now owns 277,530 shares in the company, valued at $56,033,307. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,771 shares of company stock valued at $7,139,163. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GWRE. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.08.

Guidewire Software Stock Down 1.4 %

GWRE stock traded down $2.80 during midday trading on Friday, reaching $197.12. 799,546 shares of the company's stock traded hands, compared to its average volume of 912,068. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The company has a market cap 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 firm's fifty day moving average price is $190.38 and its 200-day moving average price is $190.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 during the quarter, compared to analyst estimates of $285.74 million. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.