Jeffrey Elliott Cooper Sells 1,348 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,348 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the transaction, the chief financial officer owned 62,119 shares in the company, valued at approximately $6,564,114.73. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56.

Guidewire Software Stock Up 6.6%

GWRE stock opened at $109.45 on Wednesday. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The company has a market cap of $9.11 billion, a PE ratio of 59.16 and a beta of 0.93. The business’s 50-day simple moving average is $133.51 and its 200 day simple moving average is $152.22.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. On average, research analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. Citizens Jmp lowered their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus decreased their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. The Goldman Sachs Group lowered 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 note on Friday, June 5th. BTIG Research restated a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research note on Tuesday, June 2nd. Finally, Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $229.00.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in GWRE. Pacer Advisors Inc. grew its stake in Guidewire Software by 3.5% during the first quarter. Pacer Advisors Inc. now owns 13,996 shares of the technology company’s stock worth $2,093,000 after buying an additional 468 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Guidewire Software by 239.1% during the first quarter. Empowered Funds LLC now owns 7,538 shares of the technology company’s stock worth $1,127,000 after buying an additional 5,315 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Guidewire Software by 44.7% in the first quarter. Parallel Advisors LLC now owns 4,561 shares of the technology company’s stock valued at $682,000 after acquiring an additional 1,409 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Guidewire Software by 35.5% in the first quarter. Glenmede Trust Co. NA now owns 2,030 shares of the technology company’s stock valued at $304,000 after acquiring an additional 532 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Guidewire Software in the 1st quarter worth approximately $637,000.

About Guidewire Software

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.