Guidewire Software (NYSE:GWRE) President Sells $2,664,000.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 14,400 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the sale, the president owned 116,715 shares of the company’s stock, valued at approximately $21,592,275. The trade was a 10.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Guidewire Software Stock Up 4.1%

Shares of NYSE:GWRE opened at $189.19 on Friday. The company’s fifty day moving average is $144.61 and its two-hundred day moving average is $141.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 102.26 and a beta of 0.92.

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

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently made changes to their positions in the company. Angeles Wealth Management LLC increased its stake in shares of Guidewire Software by 5.1% in the second quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company’s stock valued at $340,000 after purchasing an additional 135 shares during the period. AlphaGrep UK Ltd acquired a new position in shares of Guidewire Software during the second quarter worth approximately $495,000. TD Waterhouse Canada Inc. grew its holdings in Guidewire Software by 86.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 14,957 shares of the technology company’s stock worth $1,910,000 after buying an additional 6,930 shares in the last quarter. Nykredit A S bought a new position in Guidewire Software in the 2nd quarter worth approximately $360,000. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in Guidewire Software by 27.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 13,690 shares of the technology company’s stock worth $1,685,000 after buying an additional 2,970 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus decreased their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Oppenheimer boosted their price objective on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. The Goldman Sachs Group lowered their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, Wells Fargo & Company dropped their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.

Guidewire Software Company Profile

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.