David Franklin Peterson Sells 358 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 358 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $68,764.64. Following the completion of the transaction, the chief accounting officer owned 12,806 shares in the company, valued at approximately $2,459,776.48. This trade represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

David Franklin Peterson also recently made the following trade(s):

• On Thursday, September 18th, David Franklin Peterson sold 1,000 shares of Guidewire Software stock. The shares were sold at an average price of $249.86, for a total transaction of $249,860.00.

Guidewire Software Stock Up 1.8%

GWRE stock opened at $197.46 on Friday. The company has a market capitalization of $16.79 billion, a P/E ratio of 188.06, a price-to-earnings-growth ratio of 12.70 and a beta of 1.08. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The firm’s fifty day simple moving average is $222.39 and its 200-day simple moving average is $228.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. IFP Advisors Inc increased its stake in Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares in the last quarter. Earned Wealth Advisors LLC grew its holdings in Guidewire Software by 5.4% in the third quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after purchasing an additional 51 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Guidewire Software by 9.3% in the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares during the last quarter. PDS Planning Inc increased its position in shares of Guidewire Software by 6.4% in the third quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock valued at $209,000 after buying an additional 55 shares in the last quarter. Finally, American Trust raised its stake in shares of Guidewire Software by 3.9% during the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after buying an additional 61 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Oppenheimer lifted their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Citizens Jmp restated a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.29.

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.