Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 2,594 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,594 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the transaction, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Stock Down 2.1%

Shares of GWRE stock opened at $117.50 on Wednesday. The stock has a market cap of $9.78 billion, a P/E ratio of 63.51 and a beta of 0.93. Guidewire Software, Inc. has a one year low of $113.67 and a one year high of $272.60. The stock has a fifty day moving average price of $136.21 and a 200 day moving average price of $155.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. Analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on GWRE shares. Oppenheimer reduced their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 target price on shares of Guidewire Software in a research report on Tuesday, June 2nd. The Goldman Sachs Group reduced their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Finally, Citizens Jmp cut their price objective on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 1.3% during the third 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares during the period. Stockbridge Partners LLC lifted its holdings in shares of Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock valued at $290,501,000 after acquiring an additional 405,850 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Guidewire Software by 3.6% during 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 acquiring an additional 45,289 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after acquiring an additional 997,992 shares during the period.

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.