Guidewire Software (NYSE:GWRE) President Sells $1,077,543.36 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 6,576 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total transaction of $1,077,543.36. Following the transaction, the president directly owned 135,407 shares in the company, valued at $22,187,791.02. This trade represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $155.55 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. The company has a market cap of $13.17 billion, a PE ratio of 70.71, a price-to-earnings-growth ratio of 7.07 and a beta of 1.06. The firm has a fifty day moving average price of $148.12 and a two-hundred day moving average price of $197.06. Guidewire Software, Inc. has a fifty-two week low of $120.37 and a fifty-two week high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million for the quarter, compared to the consensus estimate of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its Board of Directors has initiated a stock repurchase plan on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have commented on GWRE shares. Citigroup raised their price objective on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Stifel Nicolaus decreased their price target on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after acquiring an additional 116,726 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Stockbridge Partners LLC grew its stake in shares of Guidewire Software by 39.0% during the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after acquiring an additional 405,850 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Guidewire Software by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock valued at $264,693,000 after purchasing an additional 45,289 shares during the last quarter. Finally, Capital World Investors bought a new stake in shares of Guidewire Software in the fourth quarter worth $202,405,000.

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.