John Mullen Sells 14,400 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 14,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total value of $2,664,000.00. Following the transaction, the president owned 116,715 shares of the company’s stock, valued at $21,592,275. This trade represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Guidewire Software Trading Up 4.1%

GWRE opened at $189.19 on Friday. 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’s 50 day moving average price is $144.61 and its 200-day moving average price is $141.87. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 102.26 and a beta of 0.92.

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

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the first quarter valued at $25,000. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software in the second quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Guidewire Software in the third quarter worth about $29,000. Silvant Capital Management LLC bought a new position in Guidewire Software during the 2nd quarter worth about $33,000. Finally, Leonteq Securities AG bought a new position in Guidewire Software during the 1st quarter worth about $36,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GWRE shares. Oppenheimer boosted their target price on shares of Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. BTIG Research reaffirmed a “buy” rating and issued a $175.00 price target on shares of Guidewire Software in a research note on Thursday, July 2nd. DA Davidson decreased their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a report on Monday, June 8th. JPMorgan Chase & Co. lowered their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.64.

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.