John P. Mullen Sells 1,350 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Performance

Guidewire Software stock opened at $107.88 on Friday. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The stock’s 50 day simple moving average is $115.56 and its two-hundred day simple moving average is $105.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -174.00 and a beta of 1.15.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. The company had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GWRE shares. DA Davidson restated a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Robert W. Baird lifted their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer increased their price objective on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Raymond James began coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Wasatch Advisors LP lifted its holdings in shares of Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after purchasing an additional 115,600 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC purchased a new position in Guidewire Software during the first quarter valued at $309,000. Wealth Enhancement Advisory Services LLC bought a new stake in Guidewire Software in the first quarter worth $4,112,000. Banque Cantonale Vaudoise grew its stake in shares of Guidewire Software by 78.5% in the first quarter. Banque Cantonale Vaudoise now owns 498 shares of the technology company’s stock worth $58,000 after acquiring an additional 219 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Guidewire Software during the fourth quarter valued at $204,000.

Guidewire Software Company Profile

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.