Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,158,431.56 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John P. Mullen sold 6,116 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now owns 166,330 shares of the company's stock, valued at $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Guidewire Software Price Performance

Guidewire Software stock traded down $1.62 during trading hours on Friday, hitting $191.84. 1,448,052 shares of the company traded hands, compared to its average volume of 868,648. The firm has a market cap of $16.09 billion, a P/E ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm's 50-day simple moving average is $197.47 and its two-hundred day simple moving average is $187.41. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Guidewire Software by 3.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,185 shares of the technology company's stock valued at $7,449,000 after purchasing an additional 1,282 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at about $210,000. Mackenzie Financial Corp bought a new position in shares of Guidewire Software during the 4th quarter valued at about $11,827,000. Forum Financial Management LP boosted its position in shares of Guidewire Software by 31.6% during the 4th quarter. Forum Financial Management LP now owns 1,455 shares of the technology company's stock valued at $245,000 after purchasing an additional 349 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at about $1,172,000.

Analysts Set New Price Targets

GWRE has been the topic of a number of research reports. Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Wells Fargo & Company increased their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.08.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.