Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 2,300 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the sale, the president now owns 164,030 shares of the company’s stock, valued at approximately $30,829,438.50. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Guidewire Software Stock Down 4.3 %

GWRE stock traded down $8.19 during mid-day trading on Thursday, hitting $184.26. 978,389 shares of the company were exchanged, compared to its average volume of 890,111. The firm has a market cap of $15.46 billion, a P/E ratio of 511.83, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm’s 50 day simple moving average is $199.90 and its 200 day simple moving average is $189.10.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Guidewire Software by 2.4% in the third quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company’s stock valued at $4,434,000 after acquiring an additional 579 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Guidewire Software by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company’s stock valued at $2,425,000 after buying an additional 153 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Guidewire Software by 161.8% in the 3rd quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company’s stock valued at $3,907,000 after buying an additional 13,200 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter valued at $33,000. Finally, Atom Investors LP acquired a new position in Guidewire Software during the third quarter worth $388,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on GWRE. JMP Securities restated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

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.