Guidewire Software (NYSE:GWRE) Stock Price Down 4.6% – Should You Sell?

Guidewire Software, Inc. (NYSE:GWRE) shares traded down 4.6% on Friday . The stock traded as low as $192.50 and last traded at $191.7770. 79,958 shares were traded during trading, a decline of 93% from the average session volume of 1,163,994 shares. The stock had previously closed at $201.01.

Analyst Ratings Changes

Several equities research analysts have recently commented on GWRE shares. Wells Fargo & Company upped their target price on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Oppenheimer boosted their price objective on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, September 5th. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $246.00 to $250.00 in a report on Wednesday, December 17th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $281.00 price target on shares of Guidewire Software in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $271.29.

Guidewire Software Price Performance

The stock has a market capitalization of $16.16 billion, a PE ratio of 180.93, a P/E/G ratio of 13.09 and a beta of 1.08. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average is $213.94 and its 200 day moving average is $225.22.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 7,975 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $1,531,838.00. Following the transaction, the president owned 141,983 shares in the company, valued at approximately $27,272,094.64. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 1,860 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the sale, the insider owned 33,702 shares of the company’s stock, valued at $6,571,890. This trade represents a 5.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,140 shares of company stock worth $11,181,164 over the last quarter. Insiders own 0.46% of the company’s stock.

Institutional Trading of Guidewire Software

Several large investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Guidewire Software by 4.6% in the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares during the period. Earned Wealth Advisors LLC increased its stake in Guidewire Software by 5.4% during the third quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after acquiring an additional 51 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Guidewire Software by 9.3% in the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Guidewire Software by 6.4% during the 3rd quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock worth $209,000 after acquiring an additional 55 shares during the period. Finally, American Trust boosted its holdings in Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after purchasing an additional 61 shares in the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.