Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,158,431.56 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 6,116 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now directly owns 166,330 shares of the company’s stock, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Down 1.5 %

GWRE opened at $193.25 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a market cap of $16.21 billion, a PE ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a 50-day moving average price of $197.06 and a 200 day moving average price of $186.82.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $206.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $25,000. Assetmark Inc. grew its stake in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Ossiam acquired a new stake in Guidewire Software in the 4th quarter valued at about $29,000. Point72 Hong Kong Ltd purchased a new position in Guidewire Software in the 3rd quarter worth approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after purchasing an additional 99 shares during the last quarter.

Guidewire Software Company Profile

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.