Guidewire Software (NYSE:GWRE) President Sells $999,000.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 5,400 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $185.00, for a total transaction of $999,000.00. Following the completion of the sale, the president owned 178,247 shares in the company, valued at approximately $32,975,695. This trade represents a 2.94% decrease in their position. The sale 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.

Guidewire Software Stock Up 7.4%

Shares of NYSE GWRE traded up $12.64 on Tuesday, reaching $184.08. 1,586,149 shares of the company’s stock traded hands, compared to its average volume of 1,148,465. The business’s 50 day simple moving average is $167.07 and its two-hundred day simple moving average is $148.06. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 112.93 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer increased their price objective on Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. DA Davidson restated a “buy” rating and set a $222.00 target price on shares of Guidewire Software in a research note on Friday, October 2nd. Citizens Jmp restated a “market outperform” rating and set a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, BTIG Research lifted their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $216.23.

Institutional Trading of Guidewire Software

Hedge funds have recently bought and sold shares of the company. Fiduciary Financial Advisors purchased a new stake in Guidewire Software during the second quarter valued at approximately $29,000. Silvant Capital Management LLC purchased a new position in shares of Guidewire Software during the 2nd quarter worth $33,000. Leonteq Securities AG bought a new stake in shares of Guidewire Software during the 1st quarter valued at $36,000. Bogart Wealth LLC grew its position in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Guidewire Software by 129.2% during the 3rd quarter. IFP Advisors Inc now owns 330 shares of the technology company’s stock valued at $47,000 after acquiring an additional 186 shares during the period.

About Guidewire Software

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.