John Mullen Sells 3,000 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 3,000 shares of Guidewire Software stock in a transaction on Monday, December 1st. The shares were sold at an average price of $213.44, for a total value of $640,320.00. Following the completion of the transaction, the president owned 149,958 shares in the company, valued at approximately $32,007,035.52. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Guidewire Software Price Performance

Shares of GWRE stock opened at $214.59 on Wednesday. The business has a fifty day simple moving average of $229.52 and a 200 day simple moving average of $229.18. The company has a market cap of $18.24 billion, a P/E ratio of 268.23, a P/E/G ratio of 14.73 and a beta of 1.08. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.22. The firm had revenue of $356.57 million for the quarter, compared to analysts’ expectations of $337.82 million. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GWRE. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, October 8th. Zacks Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company raised their price objective on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, September 5th. The Goldman Sachs Group upped their target price on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $272.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GWRE. IFP Advisors Inc grew its position in shares of Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after buying an additional 49 shares during the last quarter. Earned Wealth Advisors LLC boosted its holdings in Guidewire Software by 5.4% in the third quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after acquiring an additional 51 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Guidewire Software by 9.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares during the period. PDS Planning Inc increased its position in Guidewire Software by 6.4% during the 3rd quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock valued at $209,000 after purchasing an additional 55 shares during the period. Finally, American Trust raised its holdings in Guidewire Software by 3.9% during the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after purchasing an additional 61 shares during the last quarter.

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.