John P. Mullen Sells 6,116 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 6,116 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the transaction, the president now owns 166,330 shares in the company, valued at $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Guidewire Software Stock Down 1.5 %

Shares of GWRE stock opened at $193.25 on Friday. The stock’s fifty day moving average price is $197.06 and its 200 day moving average price is $186.82. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Guidewire Software during the 3rd quarter worth about $219,000. Oppenheimer & Co. Inc. acquired a new stake in Guidewire Software during the 3rd quarter worth about $415,000. KBC Group NV grew its stake in Guidewire Software by 15.3% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the technology company’s stock valued at $382,000 after purchasing an additional 277 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares during the period.

Analyst Ratings Changes

GWRE has been the topic of several research reports. Robert W. Baird raised their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

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.