5,728 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Circle Wealth Management LLC

Circle Wealth Management LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,728 shares of the technology company’s stock, valued at approximately $1,048,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GWRE. Price T Rowe Associates Inc. MD lifted its stake in shares of Guidewire Software by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,984 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 738 shares in the last quarter. Comerica Bank raised its holdings in Guidewire Software by 61.7% in the first quarter. Comerica Bank now owns 25,024 shares of the technology company’s stock valued at $2,921,000 after buying an additional 9,546 shares during the period. Cetera Investment Advisers boosted its position in Guidewire Software by 648.0% during the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. GAMMA Investing LLC increased its holdings in Guidewire Software by 42.1% in the 2nd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $105,000 after purchasing an additional 225 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new position in Guidewire Software in the second quarter valued at about $41,000.

Insider Activity at Guidewire Software

In related news, insider John P. Mullen sold 6,718 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the transaction, the insider now owns 160,099 shares in the company, valued at $27,562,643.84. This trade represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,116,179 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

Shares of GWRE opened at $202.87 on Friday. The company has a market cap of $16.94 billion, a P/E ratio of -2,535.88, a PEG ratio of 52.22 and a beta of 1.18. The stock has a fifty day moving average price of $188.72 and a 200 day moving average price of $157.29. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $207.10.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. BTIG Research boosted their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. DA Davidson reaffirmed a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Oppenheimer increased their price target on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, JMP Securities upped their target price on Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $186.08.

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.