Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,158,431.56 in Stock

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

Guidewire Software Trading Up 2.7 %

Shares of NYSE:GWRE traded up $5.20 during trading on Wednesday, reaching $196.55. 947,792 shares of the company traded hands, compared to its average volume of 1,308,121. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 545.96, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average is $196.12 and its 200-day moving average is $186.71.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data 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). The company had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GWRE. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. lifted its position in Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the period. Donoghue Forlines LLC bought a new stake in Guidewire Software in the 4th quarter worth about $2,110,000. Icon Wealth Advisors LLC increased its holdings in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares in the last quarter. GDS Wealth Management increased its holdings in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after buying an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its stake in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 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.