Guidewire Software (NYSE:GWRE) CEO Sells $166,212.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $138.51, for a total value of $166,212.00. Following the completion of the sale, the chief executive officer owned 209,206 shares of the company’s stock, valued at approximately $28,977,123.06. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total value of $153,828.00.
• On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $136.38, for a total value of $163,656.00.
• On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $141.91, for a total value of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total value of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $118.77, for a total value of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total value of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total value of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total value of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total value of $192,000.00.

Guidewire Software Stock Down 1.9%

Guidewire Software stock traded down $2.71 during mid-day trading on Tuesday, reaching $137.55. The stock had a trading volume of 1,119,435 shares, compared to its average volume of 1,257,976. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software, Inc. has a fifty-two week low of $115.57 and a fifty-two week high of $272.60. The stock’s 50-day simple moving average is $141.00 and its 200-day simple moving average is $164.33. The firm has a market capitalization of $11.64 billion, a PE ratio of 62.52 and a beta of 0.91.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $342.88 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its stake in Guidewire Software by 35.5% in the 1st quarter. Glenmede Trust Co. NA now owns 2,030 shares of the technology company’s stock valued at $304,000 after purchasing an additional 532 shares during the period. Edgestream Partners L.P. bought a new position in Guidewire Software during the first quarter valued at about $637,000. California State Teachers Retirement System increased its holdings in Guidewire Software by 22.5% during the first quarter. California State Teachers Retirement System now owns 98,191 shares of the technology company’s stock worth $14,685,000 after buying an additional 18,042 shares during the last quarter. Regal Partners Ltd purchased a new stake in Guidewire Software during the first quarter worth about $3,432,000. Finally, Empowered Funds LLC increased its holdings in Guidewire Software by 239.1% during the first quarter. Empowered Funds LLC now owns 7,538 shares of the technology company’s stock worth $1,127,000 after buying an additional 5,315 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. DA Davidson reiterated a “buy” rating and set a $246.00 price target on shares of Guidewire Software in a report on Tuesday, March 10th. Zacks Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. BTIG Research upped their price target on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Wells Fargo & Company decreased their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $244.46.

About Guidewire Software

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.