Circle Wealth Management LLC Sells 1,450 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Circle Wealth Management LLC cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 25.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,278 shares of the technology company’s stock after selling 1,450 shares during the quarter. Circle Wealth Management LLC’s holdings in Guidewire Software were worth $721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC increased its position in shares of Guidewire Software by 176.0% during the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock valued at $48,000 after buying an additional 183 shares during the period. Corton Capital Inc. bought a new stake in Guidewire Software during the 4th quarter worth approximately $410,000. Cetera Investment Advisers lifted its stake in Guidewire Software by 22.3% in the 4th quarter. Cetera Investment Advisers now owns 21,292 shares of the technology company’s stock worth $3,589,000 after purchasing an additional 3,883 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in Guidewire Software in the 4th quarter worth approximately $1,222,000. Finally, Brevan Howard Capital Management LP bought a new position in Guidewire Software in the 4th quarter valued at $938,000.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Insider Activity

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now directly owns 44,613 shares of the company’s stock, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,771 shares of company stock worth $6,507,557. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Guidewire Software stock opened at $213.41 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $190.98 and a 200-day moving average price of $191.29. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The firm has a market capitalization of $17.90 billion, a PE ratio of 592.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.