Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 4,757 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 4,757 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $158.72, for a total value of $755,031.04. Following the completion of the transaction, the chief financial officer directly owned 67,996 shares in the company, valued at approximately $10,792,325.12. This trade represents a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, January 13th, Jeffrey Elliott Cooper sold 216 shares of Guidewire Software stock. The shares were sold at an average price of $180.87, for a total value of $39,067.92.
• 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 value of $551,653.76.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $160.56 on Friday. The company has a current ratio of 2.93, a quick ratio of 3.48 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $150.75 and its 200-day moving average price is $199.05. The firm has a market cap of $13.59 billion, a P/E ratio of 72.98, a P/E/G ratio of 10.16 and a beta of 1.06. Guidewire Software, Inc. has a 12 month low of $120.37 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software announced that its Board of Directors has authorized a stock repurchase program on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on GWRE. BTIG Research lifted their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. Royal Bank Of Canada lowered their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Oppenheimer dropped their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. DA Davidson reiterated a “buy” rating and issued a $246.00 price target on shares of Guidewire Software in a report on Tuesday. Finally, Citigroup boosted their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $249.85.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the third quarter worth $29,000. Root Financial Partners LLC acquired a new position in shares of Guidewire Software during the third quarter worth $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at $30,000. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the 1st quarter valued at $25,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Guidewire Software by 620.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter.

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.