Jeffrey Elliott Cooper Sells 216 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 216 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $180.87, for a total transaction of $39,067.92. Following the sale, the chief financial officer directly owned 72,753 shares in the company, valued at approximately $13,158,835.11. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, December 18th, Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock. The stock was sold at an average price of $195.00, for a total transaction of $240,240.00.
• On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $551,653.76.

Guidewire Software Price Performance

GWRE traded down $4.52 during midday trading on Thursday, reaching $166.33. 2,005,429 shares of the company’s stock were exchanged, compared to its average volume of 1,344,645. Guidewire Software, Inc. has a 1-year low of $163.41 and a 1-year high of $272.60. The stock has a market capitalization of $14.14 billion, a PE ratio of 158.41, a P/E/G ratio of 11.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The business’s 50-day moving average price is $204.11 and its 200 day moving average price is $221.42.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.Guidewire Software’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software announced that its board has approved a share repurchase program on Thursday, January 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Guidewire Software by 112.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company’s stock worth $90,036,000 after purchasing an additional 254,142 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Guidewire Software by 87.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,695 shares of the technology company’s stock worth $1,145,000 after buying an additional 2,649 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Guidewire Software by 57.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,866 shares of the technology company’s stock valued at $978,000 after buying an additional 1,770 shares during the last quarter. Net Worth Advisory Group grew its stake in shares of Guidewire Software by 14.1% during the fourth quarter. Net Worth Advisory Group now owns 1,658 shares of the technology company’s stock valued at $333,000 after acquiring an additional 205 shares in the last quarter. Finally, Stablepoint Partners LLC increased its position in shares of Guidewire Software by 4.9% during the fourth quarter. Stablepoint Partners LLC now owns 4,903 shares of the technology company’s stock worth $986,000 after acquiring an additional 227 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Citizens Jmp reissued a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a research note on Wednesday, December 10th. DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $246.00 to $250.00 in a research report on Wednesday, December 17th. BTIG Research reiterated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research note on Wednesday, December 17th. Finally, Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.50.

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.