Guidewire Software (NYSE:GWRE) President John Mullen Sells 4,292 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 4,292 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the transaction, the president directly owned 131,115 shares in the company, valued at $15,568,595.10. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Stock Performance

Shares of GWRE opened at $117.50 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $9.78 billion, a P/E ratio of 63.51 and a beta of 0.93. The company’s fifty day moving average is $136.21 and its two-hundred day moving average is $155.98. Guidewire Software, Inc. has a 1 year low of $113.67 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. On average, sell-side analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software in the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new position in Guidewire Software in the 4th quarter valued at about $36,000. Leonteq Securities AG acquired a new position in Guidewire Software in the 1st quarter valued at about $36,000. Finally, Bogart Wealth LLC raised its stake in Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on GWRE shares. Stifel Nicolaus decreased their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Citizens Jmp decreased their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Royal Bank Of Canada decreased their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $229.00.

Guidewire Software Company Profile

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.