Michael C. Keller Sells 1,000 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the transaction, the director now owns 10,410 shares in the company, valued at approximately $2,472,687.30. The trade was a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Guidewire Software Price Performance

NYSE:GWRE opened at $235.83 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 589.58, a price-to-earnings-growth ratio of 23.32 and a beta of 1.15. The company has a 50 day moving average price of $220.49 and a 200-day moving average price of $199.66. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million for the quarter, compared to analysts’ expectations of $286.40 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Guidewire Software by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company’s stock valued at $1,632,206,000 after acquiring an additional 256,070 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 16.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company’s stock valued at $966,252,000 after acquiring an additional 720,322 shares during the period. Linonia Partnership LP grew its stake in Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after acquiring an additional 1,000,709 shares during the period. Stockbridge Partners LLC grew its stake in Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock valued at $451,602,000 after acquiring an additional 205,382 shares during the period. Finally, Wellington Management Group LLP grew its stake in Guidewire Software by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock valued at $313,410,000 after acquiring an additional 24,991 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Wednesday, June 4th. Raymond James Financial raised their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Oppenheimer raised their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus increased their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $248.31.

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.