Jeffrey Elliott Cooper Sells 1,956 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the transaction, the chief financial officer now directly owns 71,538 shares of the company’s stock, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Wednesday, January 15th, Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $52,434.00.

Guidewire Software Trading Down 0.8 %

Shares of NYSE GWRE opened at $191.84 on Friday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. 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 business has a fifty day simple moving average of $197.47 and a 200-day simple moving average of $187.12.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GWRE shares. Royal Bank of Canada increased their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird increased their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after acquiring an additional 56 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after acquiring an additional 58 shares in the last quarter. Norden Group LLC lifted its stake in Guidewire Software by 5.2% in the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after acquiring an additional 61 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after acquiring an additional 75 shares in the last quarter. Finally, True Wealth Design LLC lifted its stake in Guidewire Software by 14.4% in the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company’s stock worth $114,000 after acquiring an additional 85 shares in the last quarter.

About Guidewire Software

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.