Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,200 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $156.26, for a total value of $187,512.00. Following the completion of the transaction, the chief executive officer directly owned 235,543 shares of the company’s stock, valued at $36,805,949.18. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total transaction of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total transaction of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $218.53, for a total transaction of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $231.85, for a total transaction of $324,590.00.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $156.59 on Friday. 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 company has a market capitalization of $13.31 billion, a PE ratio of 149.13, a P/E/G ratio of 10.36 and a beta of 1.08. The firm has a fifty day simple moving average of $197.05 and a 200 day simple moving average of $218.51. Guidewire Software, Inc. has a twelve month low of $154.51 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software announced that its board has authorized a stock repurchase plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWRE shares. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company cut their price target on Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $269.50.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. Qube Research & Technologies Ltd boosted its stake in shares of Guidewire Software by 3,636.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after buying an additional 711,893 shares during the last quarter. Groupama Asset Managment grew its stake in Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after purchasing an additional 600,000 shares during the period. Alliancebernstein L.P. increased its position in shares of Guidewire Software by 405.1% during the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after purchasing an additional 431,725 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Guidewire Software by 112.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company’s stock worth $90,036,000 after purchasing an additional 254,142 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Guidewire Software by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock worth $2,100,838,000 after buying an additional 211,047 shares during 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.