Insider Selling: Guidewire Software (NYSE:GWRE) President Sells $640,320.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $213.44, for a total transaction of $640,320.00. Following the completion of the transaction, the president directly owned 149,958 shares in the company, valued at $32,007,035.52. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Guidewire Software Stock Up 0.5%

NYSE GWRE opened at $215.81 on Thursday. The business has a fifty day moving average price of $229.10 and a two-hundred day moving average price of $229.08. The stock has a market capitalization of $18.35 billion, a PE ratio of 269.76, a PEG ratio of 13.06 and a beta of 1.08. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The company had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 1.3% during the third quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after purchasing an additional 116,726 shares during the period. Linonia Partnership LP increased its holdings in Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Wellington Management Group LLP raised its position in Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares during the last quarter. Geode Capital Management LLC raised its position in Guidewire Software by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock worth $372,105,000 after purchasing an additional 84,152 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Guidewire Software by 70.4% during the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock worth $267,382,000 after buying an additional 589,424 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GWRE shares. Raymond James Financial reissued an “outperform” rating and issued a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Zacks Research raised shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Oppenheimer boosted their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $272.00.

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.