Guidewire Software (NYSE:GWRE) President John Mullen Sells 14,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 14,400 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the sale, the president directly owned 116,715 shares in the company, valued at $21,592,275. This trade represents a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Guidewire Software Trading Up 0.5%

Shares of GWRE stock traded up $0.93 during mid-day trading on Thursday, hitting $182.11. The company’s stock had a trading volume of 1,009,630 shares, compared to its average volume of 1,582,639. The company’s fifty day simple moving average is $142.01 and its 200-day simple moving average is $141.24. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The company has a market cap of $15.16 billion, a PE ratio of 98.44 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. As a group, equities research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the third quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the 1st quarter valued at $25,000. Fiduciary Financial Advisors bought a new stake in Guidewire Software during the 2nd quarter valued at $29,000. Leonteq Securities AG acquired a new position in Guidewire Software during the first quarter worth $36,000. Finally, Bogart Wealth LLC raised its holdings in Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after buying an additional 138 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GWRE shares. Oppenheimer increased their price target on Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. The Goldman Sachs Group dropped their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company cut their target price on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Finally, Stifel Nicolaus reduced their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.64.

Guidewire Software Company Profile

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.