Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 216 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 216 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total value of $39,067.92. Following the completion of the transaction, the chief financial officer owned 72,753 shares of the company’s stock, valued at $13,158,835.11. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, December 18th, Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock. The stock was sold at an average price of $195.00, for a total value of $240,240.00.
• On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total transaction of $551,653.76.

Guidewire Software Stock Performance

NYSE GWRE opened at $166.33 on Friday. The company has a market capitalization of $14.14 billion, a PE ratio of 158.41, a price-to-earnings-growth ratio of 11.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 52-week low of $163.41 and a 52-week high of $272.60. The company has a 50-day simple moving average of $203.13 and a 200 day simple moving average of $221.04.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share 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 firm had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 26.5% compared to the same quarter last year. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its board has approved a share repurchase plan on Thursday, January 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $250.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a research report on Wednesday, December 10th. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and raised their price target for the company from $246.00 to $250.00 in a research report on Wednesday, December 17th. Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Wells Fargo & Company cut their price objective on Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $269.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software in the 3rd quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in shares of Guidewire Software in the 3rd quarter worth about $29,000. Newbridge Financial Services Group Inc. purchased a new position in Guidewire Software during the 2nd quarter valued at about $30,000. Advisors Asset Management Inc. purchased a new stake in Guidewire Software in the first quarter worth about $25,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $32,000.

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.