Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 1,939 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,939 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $338,898.42. Following the completion of the sale, the director now directly owns 14,118 shares of the company’s stock, valued at approximately $2,467,544.04. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Stock Up 1.5 %

GWRE stock opened at $174.60 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 485.00, a PEG ratio of 46.15 and a beta of 1.23. The business’s fifty day moving average price is $183.62 and its two-hundred day moving average price is $169.38. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $209.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GWRE shares. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares during the period. International Assets Investment Management LLC increased its position in Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares during the period. Teca Partners LP bought a new position in Guidewire Software during the 2nd quarter worth $25,893,000. Linonia Partnership LP increased its position in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Guidewire Software during the 3rd quarter worth $26,501,000.

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.