Circle Wealth Management LLC Invests $1.05 Million in Guidewire Software, Inc. (NYSE:GWRE)

Circle Wealth Management LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, Holdings Channel.com reports. The firm acquired 5,728 shares of the technology company’s stock, valued at approximately $1,048,000.

A number of other institutional investors have also made changes to their positions in GWRE. Rothschild Investment LLC bought a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $31,000. Assetmark Inc. raised its stake in shares of 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 in the last quarter. Lynx Investment Advisory bought a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $41,000. DT Investment Partners LLC bought a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $41,000. Finally, Brooklyn Investment Group acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $42,000.

Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares in the company, valued at $14,352,462.72. This trade represents a 11.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,116,179 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Up 0.5 %

NYSE GWRE opened at $202.87 on Friday. The stock has a 50-day simple moving average of $188.72 and a 200 day simple moving average of $157.29. The company has a market capitalization of $16.94 billion, a PE ratio of -2,535.88, a P/E/G ratio of 52.22 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $207.10.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate 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 revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GWRE. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. JMP Securities raised their target price on Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average 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.