Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller Sells 1,848 Shares

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,848 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the transaction, the director now owns 12,270 shares in the company, valued at $2,270,318.10. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Performance

NYSE:GWRE traded down $0.21 during midday trading on Tuesday, reaching $191.30. The stock had a trading volume of 1,171,782 shares, compared to its average volume of 861,391. The firm has a fifty day simple moving average of $196.12 and a two-hundred day simple moving average of $186.71. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. 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 stock has a market cap of $16.05 billion, a P/E ratio of 531.39, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in Guidewire Software in the fourth quarter valued at $25,000. Ossiam acquired a new stake in Guidewire Software in the fourth quarter valued at $29,000. Assetmark Inc. lifted its holdings in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software in the fourth quarter valued at $34,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

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.