Guidewire Software, Inc. (NYSE:GWRE) CFO Sells $370,485.96 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,956 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $370,485.96. Following the completion of the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at approximately $13,550,012.58. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Wednesday, January 15th, Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00.

Guidewire Software Stock Down 0.8 %

Shares of NYSE GWRE opened at $191.84 on Friday. The firm has a market cap of $16.09 billion, a PE ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a 50 day simple moving average of $197.47 and a 200 day simple moving average of $187.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE) last announced 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 for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Trading of Guidewire Software

Several large investors have recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock worth $93,683,000 after purchasing an additional 393,445 shares in the last quarter. Rathbones Group PLC bought a new position in Guidewire Software during the 4th quarter valued at $58,118,000. Finally, Balyasny Asset Management L.P. lifted its stake in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after acquiring an additional 329,863 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.