Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $217,044.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 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 $217,044.00. Following the sale, the chief executive officer owned 236,743 shares in the company, valued at $42,819,706.41. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $200.72, for a total value of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total transaction of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total transaction of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.

Guidewire Software Trading Down 4.0%

Shares of Guidewire Software stock opened at $159.46 on Friday. The company has a fifty day simple moving average of $201.96 and a 200-day simple moving average of $220.44. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 151.87, a PEG ratio of 10.36 and a beta of 1.08. Guidewire Software, Inc. has a 12-month low of $158.80 and a 12-month high of $272.60. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.

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

Guidewire Software announced that its board has approved a stock repurchase plan on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a report on Wednesday, December 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. Citigroup upped their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $269.50.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Guidewire Software during the third quarter worth about $51,967,000. Assenagon Asset Management S.A. increased its holdings in Guidewire Software by 12.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock worth $34,699,000 after purchasing an additional 17,151 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Guidewire Software by 176.2% in the third quarter. Pacer Advisors Inc. now owns 11,215 shares of the technology company’s stock valued at $2,578,000 after acquiring an additional 7,154 shares in the last quarter. CWM LLC grew its holdings in Guidewire Software by 43.8% during the 3rd quarter. CWM LLC now owns 31,772 shares of the technology company’s stock worth $7,303,000 after acquiring an additional 9,670 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Guidewire Software during the 2nd quarter worth $954,000.

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.