Somerset Trust Co Has $399,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Somerset Trust Co lessened its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,364 shares of the technology company’s stock after selling 323 shares during the quarter. Somerset Trust Co’s holdings in Guidewire Software were worth $399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the third quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GWRE shares. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,206 shares of company stock worth $4,889,435 in the last three months. Company insiders own 0.48% of the company’s stock.

Guidewire Software Trading Down 0.6 %

GWRE opened at $178.66 on Friday. The company has a fifty day moving average price of $182.99 and a two-hundred day moving average price of $169.73. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $209.15. The company has a market cap of $14.92 billion, a P/E ratio of 496.27, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

About Guidewire Software

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.