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

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guidewire Software Stock Up 1.5 %

Guidewire Software stock opened at $202.77 on Friday. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of -2,534.31, a price-to-earnings-growth ratio of 50.80 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $202.99. The business’s 50-day moving average price is $185.74 and its 200 day moving average price is $154.29.

Guidewire Software (NYSE:GWRE) last posted its quarterly 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. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Stifel Nicolaus raised their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 target price on shares of Guidewire Software in a research report on Tuesday. DA Davidson reissued a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their target price on Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.69.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC boosted its holdings in Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the period. Whale Rock Capital Management LLC boosted its holdings in Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the period. Teca Partners LP purchased a new position in Guidewire Software in the second quarter valued at $25,893,000. Finally, Linonia Partnership LP boosted its holdings in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period.

Guidewire Software Company 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.