John P. Mullen Sells 1,350 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Guidewire Software Stock Performance

Guidewire Software stock opened at $121.28 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $125.35. The stock’s 50 day simple moving average is $114.93 and its two-hundred day simple moving average is $110.44.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. On average, equities analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after acquiring an additional 67,439 shares during the period. Bamco Inc. NY raised its holdings in shares of Guidewire Software by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after acquiring an additional 36,895 shares during the period. Wasatch Advisors LP raised its holdings in shares of Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the period. Van ECK Associates Corp raised its holdings in shares of Guidewire Software by 16.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after acquiring an additional 294,631 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Guidewire Software by 141.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after acquiring an additional 1,079,268 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Raymond James assumed coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. Finally, Oppenheimer boosted their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.11.

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.