Guidewire Software (NYSE:GWRE) CAO Sells $68,764.64 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 358 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $68,764.64. Following the transaction, the chief accounting officer directly owned 12,806 shares in the company, valued at $2,459,776.48. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

David Franklin Peterson also recently made the following trade(s):

• On Thursday, September 18th, David Franklin Peterson sold 1,000 shares of Guidewire Software stock. The shares were sold at an average price of $249.86, for a total transaction of $249,860.00.

Guidewire Software Stock Up 0.1%

NYSE:GWRE traded up $0.26 during trading hours on Wednesday, reaching $193.85. The company’s stock had a trading volume of 1,448,834 shares, compared to its average volume of 919,783. The company has a market capitalization of $16.48 billion, a P/E ratio of 184.62, a price-to-earnings-growth ratio of 12.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The stock has a 50 day moving average price of $223.90 and a two-hundred day moving average price of $228.62.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Oppenheimer upped their target price on Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Royal Bank Of Canada increased their price target on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Citigroup upped their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Wells Fargo & Company boosted their target price on shares of Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.29.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after purchasing an additional 116,726 shares during the period. Linonia Partnership LP raised its position in shares of Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after acquiring an additional 1,000,709 shares during the period. Wellington Management Group LLP grew its position in shares of Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock valued at $313,410,000 after acquiring an additional 24,991 shares during the period. Geode Capital Management LLC increased its stake in shares of Guidewire Software by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock valued at $372,105,000 after purchasing an additional 84,152 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Guidewire Software by 18.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock worth $292,146,000 after purchasing an additional 202,064 shares during the period.

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.