Guidewire Software, Inc. (NYSE:GWRE) Insider John P. Mullen Sells 1,350 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Trading Down 0.4 %

NYSE GWRE opened at $107.88 on Friday. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a fifty day simple moving average of $115.56 and a two-hundred day simple moving average of $105.74. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.88 billion, a P/E ratio of -174.00 and a beta of 1.15.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. On average, analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GWRE. DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. Raymond James initiated coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price objective for the company. Oppenheimer lifted their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Partners Capital Investment Group LLP boosted its position in Guidewire Software by 2.9% in the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares during the last quarter. Greenwich Wealth Management LLC lifted its position in Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after purchasing an additional 101 shares during the period. Lindbrook Capital LLC boosted its holdings in Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after purchasing an additional 142 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of Guidewire Software by 28.1% during the 4th quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock valued at $44,000 after buying an additional 155 shares during the last quarter.

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.