City Center Advisors LLC Makes New $275,000 Investment in Guidewire Software, Inc. (NYSE:GWRE)

City Center Advisors LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,468 shares of the technology company's stock, valued at approximately $275,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ossiam purchased a new stake in Guidewire Software in the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software in the 4th quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after purchasing an additional 183 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the transaction, the chief executive officer now owns 258,593 shares in the company, valued at $43,397,077.26. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,671 shares of company stock worth $5,471,104 in the last 90 days. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on GWRE shares. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday. DA Davidson reiterated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Stock Performance

Guidewire Software stock opened at $255.36 on Friday. The stock has a market cap of $21.42 billion, a P/E ratio of 709.34, a price-to-earnings-growth ratio of 37.21 and a beta of 1.15. The firm's fifty day moving average price is $204.44 and its 200-day moving average price is $195.52. Guidewire Software, Inc. has a fifty-two week low of $129.90 and a fifty-two week high of $263.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm's revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.

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