Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 2,594 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the sale, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. The trade was a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Price Performance

Shares of GWRE traded down $2.53 during trading hours on Tuesday, reaching $117.50. 1,542,169 shares of the stock traded hands, compared to its average volume of 1,791,430. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52-week low of $113.67 and a 52-week high of $272.60. The company’s 50-day moving average price is $136.21 and its two-hundred day moving average price is $155.98. The company has a market cap of $9.78 billion, a P/E ratio of 63.51 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the company earned $0.88 EPS. Guidewire Software’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GWRE. The Goldman Sachs Group dropped their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. DA Davidson dropped their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Citizens Jmp dropped their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada decreased their target price on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in GWRE. Capital World Investors acquired a new stake in shares of Guidewire Software in the fourth quarter worth $202,405,000. Principal Financial Group Inc. increased its stake in shares of Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after acquiring an additional 997,992 shares during the period. Alliancebernstein L.P. increased its stake in shares of Guidewire Software by 405.1% in the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after acquiring an additional 431,725 shares during the period. Stockbridge Partners LLC increased its stake in shares of Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after acquiring an additional 405,850 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Guidewire Software by 179.0% in the first quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company’s stock worth $94,037,000 after acquiring an additional 403,370 shares during the period.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.