Capital Performance Advisors LLP Invests $164,000 in Guidewire Software, Inc. (NYSE:GWRE)

Capital Performance Advisors LLP bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 899 shares of the technology company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. ORG Partners LLC bought a new stake in shares of Guidewire Software in the 1st quarter valued at $29,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software during the 2nd quarter worth approximately $31,000. Lynx Investment Advisory bought a new stake in Guidewire Software during the second quarter worth $41,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software in the 2nd quarter valued at about $41,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $55,000.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s 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 sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the transaction, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,601 shares of company stock worth $9,050,448. Insiders own 0.38% of the company’s stock.

Guidewire Software Price Performance

GWRE stock traded up $0.65 during trading on Friday, reaching $195.73. 50,949 shares of the company were exchanged, compared to its average volume of 693,317. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of -2,436.45, a P/E/G ratio of 47.99 and a beta of 1.18. The company has a 50-day moving average of $177.98 and a two-hundred day moving average of $148.50. Guidewire Software, Inc. has a twelve month low of $89.36 and a twelve month high of $196.57.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm 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 business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Royal Bank of Canada lifted their target price on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. One 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 presently has an average rating of “Moderate Buy” and an average target price of $178.62.

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.