Guidewire Software (NYSE:GWRE) Stock: Insider John Mullen Sells 5,400 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 5,400 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $185.00, for a total transaction of $999,000.00. Following the completion of the sale, the president owned 178,247 shares of the company’s stock, valued at approximately $32,975,695. The trade was a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Guidewire Software Stock Down 0.9%

GWRE opened at $181.90 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50-day moving average is $167.26 and its 200 day moving average is $148.28. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $255.89. The firm has a market capitalization of $15.14 billion, a P/E ratio of 111.59 and a beta of 1.02.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The business had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Research analysts expect that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY purchased a new position in Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the second quarter worth $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software in the second quarter valued at $227,564,000. Van ECK Associates Corp bought a new stake in shares of Guidewire Software in the second quarter valued at $149,611,000. Finally, Principal Financial Group Inc. raised its stake in shares of Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after buying an additional 997,992 shares during the period.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. DA Davidson reissued a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a research report on Friday, October 2nd. Robert W. Baird upped their price objective on Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Guggenheim lifted their target price on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $216.23.

About Guidewire Software

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.