Maltese Capital Management Stake in Iberiabank (IBKC) Raised by $3.08 Million as Share Value Declined; Guidewire Software (GWRE) Share Value Rose While White Elm Capital Has Decreased by $3.98 Million Its Holding

February 12, 2018 - By Darrin Black

Matthew Iorio decreased its stake in Guidewire Software Inc (GWRE) by 21.22% based on its latest 2017Q3 regulatory filing with the SEC. White Elm Capital Llc sold 51,700 shares as the company’s stock rose 11.16% with the market. The hedge fund run by Matthew Iorio held 191,890 shares of the technology company at the end of 2017Q3, valued at $14.94 million, down from 243,590 at the end of the previous reported quarter. White Elm Capital Llc who had been investing in Guidewire Software Inc for a number of months, seems to be less bullish one the $5.85B market cap company. The stock increased 1.12% or $0.84 during the last trading session, reaching $76.11. About 121,699 shares traded. Guidewire Software, Inc. (NYSE:GWRE) has risen 10.86% since February 12, 2017 and is uptrending. It has underperformed by 5.84% the S&P500.

Maltese Capital Management Llc increased its stake in Iberiabank Corp (IBKC) by 18.75% based on its latest 2017Q3 regulatory filing with the SEC. Maltese Capital Management Llc bought 37,500 shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 237,500 shares of the major banks company at the end of 2017Q3, valued at $19.51 million, up from 200,000 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Iberiabank Corp for a number of months, seems to be bullish on the $4.39B market cap company. The stock increased 0.56% or $0.45 during the last trading session, reaching $81.4. About 96,021 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has risen 31.12% since February 12, 2017 and is uptrending. It has outperformed by 14.42% the S&P500.

Maltese Capital Management Llc, which manages about $1.71 billion and $1.17 billion US Long portfolio, decreased its stake in Southern Mo Bancorp Inc (NASDAQ:SMBC) by 33,372 shares to 116,507 shares, valued at $4.25 million in 2017Q3, according to the filing. It also reduced its holding in Fidelity Natl Information Sv (NYSE:FIS) by 51,000 shares in the quarter, leaving it with 57,500 shares, and cut its stake in Cullen Frost Bankers Inc (NYSE:CFR).

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. IberiaBank had 50 analyst reports since August 25, 2015 according to SRatingsIntel. As per Friday, June 9, the company rating was maintained by Jefferies. The rating was upgraded by Raymond James to “Mkt Perform” on Tuesday, August 25. The firm earned “Outperform” rating on Thursday, October 27 by Raymond James. The stock of IBERIABANK Corporation (NASDAQ:IBKC) has “Market Perform” rating given on Tuesday, December 6 by FIG Partners. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, January 29. FBR Capital maintained IBERIABANK Corporation (NASDAQ:IBKC) rating on Friday, April 29. FBR Capital has “Outperform” rating and $65 target. Jefferies maintained IBERIABANK Corporation (NASDAQ:IBKC) on Monday, January 8 with “Buy” rating. The firm has “Buy” rating by Sandler O’Neill given on Friday, December 2. On Thursday, October 1 the stock rating was upgraded by Sandler O’Neill to “Buy”. As per Friday, March 10, the company rating was upgraded by JMP Securities.

Since September 28, 2017, it had 0 insider buys, and 1 insider sale for $390,900 activity.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.16, from 1.22 in 2017Q2. It is positive, as 24 investors sold IBKC shares while 57 reduced holdings. 36 funds opened positions while 76 raised stakes. 41.95 million shares or 0.37% more from 41.80 million shares in 2017Q2 were reported. Fsi Ltd Llc has invested 1.46% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Mackenzie Financial Corp reported 294,720 shares. Tiverton Asset Management Limited Liability Com has invested 0.36% in IBERIABANK Corporation (NASDAQ:IBKC). Park Oh reported 0.06% in IBERIABANK Corporation (NASDAQ:IBKC). Alliancebernstein Lp holds 0% or 72,856 shares in its portfolio. Raymond James Associates invested in 0% or 28,391 shares. Comm Bancorporation reported 6,015 shares. Wolverine Asset Ltd Liability holds 40,092 shares. Moreover, Vanguard Gp Inc has 0.02% invested in IBERIABANK Corporation (NASDAQ:IBKC). 16,964 are held by Sg Americas Secs Lc. 8 are held by Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma. 20,878 were accumulated by D E Shaw &. Brandywine Glob Management Ltd Co reported 109,050 shares. Kennedy Capital Inc reported 320,164 shares. Palisade Mngmt Limited Liability Company Nj holds 228,993 shares or 0.67% of its portfolio.

Among 13 analysts covering Guidewire Software (NYSE:GWRE), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Guidewire Software had 33 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Friday, September 16 to “Underperform”. Piper Jaffray initiated Guidewire Software, Inc. (NYSE:GWRE) rating on Wednesday, June 1. Piper Jaffray has “Overweight” rating and $65 target. Citigroup upgraded the stock to “Buy” rating in Friday, October 30 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, October 31. The firm has “Buy” rating given on Tuesday, June 13 by Piper Jaffray. As per Friday, December 2, the company rating was downgraded by Piper Jaffray. The firm has “Buy” rating by Piper Jaffray given on Thursday, September 7. On Friday, October 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Buy”. UBS maintained Guidewire Software, Inc. (NYSE:GWRE) rating on Thursday, June 2. UBS has “Buy” rating and $70 target.

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.14, from 1.42 in 2017Q2. It worsened, as 17 investors sold GWRE shares while 66 reduced holdings. 49 funds opened positions while 57 raised stakes. 76.39 million shares or 0.11% more from 76.31 million shares in 2017Q2 were reported. Dimensional Fund Advsr Lp has 215,189 shares for 0.01% of their portfolio. 18,749 are held by Bailard Inc. Diversified Trust Com stated it has 5,965 shares. Eam Invsts Limited Liability has 30,656 shares. Utah Retirement owns 13,600 shares or 0.02% of their US portfolio. Dupont Cap accumulated 0.01% or 7,432 shares. New York-based First Manhattan has invested 0% in Guidewire Software, Inc. (NYSE:GWRE). Paloma Ptnrs Management reported 0.04% in Guidewire Software, Inc. (NYSE:GWRE). The Japan-based Daiwa has invested 0.02% in Guidewire Software, Inc. (NYSE:GWRE). State Board Of Administration Of Florida Retirement System has 78,811 shares for 0.02% of their portfolio. Peak6 Invests Ltd Partnership stated it has 13,954 shares or 0.01% of all its holdings. Morgan Stanley reported 0.01% of its portfolio in Guidewire Software, Inc. (NYSE:GWRE). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Guidewire Software, Inc. (NYSE:GWRE) for 2,536 shares. Moreover, Bamco New York has 1.88% invested in Guidewire Software, Inc. (NYSE:GWRE). Fifth Third Bankshares reported 0% stake.

White Elm Capital Llc, which manages about $1.86B and $505.34M US Long portfolio, upped its stake in Vail Resorts Inc (NYSE:MTN) by 14,300 shares to 70,392 shares, valued at $16.06M in 2017Q3, according to the filing. It also increased its holding in Huntington Bancshares Inc (NASDAQ:HBAN) by 219,400 shares in the quarter, for a total of 1.48 million shares, and has risen its stake in Atlassian Corp Plc.

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