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 dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the sale, the president now owns 166,330 shares in the company, valued at $31,504,565.30. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Stock Down 0.8 %

GWRE opened at $191.84 on Friday. The firm has a 50-day simple moving average of $197.47 and a two-hundred day simple moving average of $187.12. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a market capitalization of $16.09 billion, a PE ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. 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 (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Ossiam bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the third quarter valued at approximately $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $34,000.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.