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

Somerset Trust Co trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

Several other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software in the 3rd quarter valued at $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Guidewire Software during the 2nd quarter valued at $55,000.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the transaction, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the transaction, the president now directly owns 178,446 shares of the company’s stock, valued at $31,188,791.88. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,206 shares of company stock valued at $4,889,435. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

Guidewire Software stock opened at $178.66 on Friday. The firm has a market cap of $14.92 billion, a PE ratio of 496.27, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock’s fifty day moving average price is $182.99 and its two-hundred day moving average price is $169.73. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $209.15.

Wall Street Analyst Weigh In

Several research firms have commented on GWRE. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.