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

Capital Performance Advisors LLP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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 bought and sold shares of GWRE. Janney Montgomery Scott LLC raised its holdings in shares of Guidewire Software by 11.6% during the first quarter. Janney Montgomery Scott LLC now owns 9,693 shares of the technology company’s stock valued at $1,131,000 after buying an additional 1,010 shares during the last quarter. GSA Capital Partners LLP boosted its position in Guidewire Software by 88.7% during the 1st quarter. GSA Capital Partners LLP now owns 5,801 shares of the technology company’s stock worth $677,000 after acquiring an additional 2,727 shares during the period. ORG Partners LLC acquired a new position in Guidewire Software during the 1st quarter worth $29,000. SG Americas Securities LLC bought a new position in shares of Guidewire Software in the first quarter worth $417,000. Finally, Swiss National Bank increased its holdings in shares of Guidewire Software by 0.7% during the first quarter. Swiss National Bank now owns 153,600 shares of the technology company’s stock valued at $17,927,000 after purchasing an additional 1,100 shares during the period.

Guidewire Software Price Performance

NYSE GWRE traded up $0.65 on Friday, hitting $195.73. 50,949 shares of the company were exchanged, compared to its average volume of 693,317. Guidewire Software, Inc. has a twelve month low of $89.36 and a twelve month high of $196.57. The company’s 50 day moving average price is $177.98 and its 200-day moving average price is $148.50. The firm has a market capitalization of $16.35 billion, a P/E ratio of -2,436.45, a price-to-earnings-growth ratio of 47.99 and a beta of 1.18.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GWRE shares. Wells Fargo & Company increased their target price on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. BTIG Research increased their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. JMP Securities boosted their target price on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective (up previously from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $178.62.

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.