Michael George Rosenbaum Sells 1,200 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $160.32, for a total value of $192,384.00. Following the completion of the transaction, the chief executive officer directly owned 234,343 shares of the company’s stock, valued at approximately $37,569,869.76. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $156.26, for a total transaction of $187,512.00.
• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $180.87, for a total value of $217,044.00.
• 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 shares were 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 transaction 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 value 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 value 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 transaction of $305,942.00.

Guidewire Software Trading Down 1.0%

Shares of GWRE opened at $160.32 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $13.63 billion, a P/E ratio of 152.69, a price-to-earnings-growth ratio of 10.55 and a beta of 1.08. Guidewire Software, Inc. has a fifty-two week low of $154.51 and a fifty-two week high of $272.60. The business has a 50-day moving average of $193.65 and a 200 day moving average of $216.96.

Guidewire Software (NYSE:GWRE) last issued 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. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its Board of Directors has authorized a share buyback plan on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its holdings in Guidewire Software by 24.6% in the fourth quarter. Evergreen Capital Management LLC now owns 4,113 shares of the technology company’s stock worth $827,000 after purchasing an additional 813 shares in the last quarter. Earned Wealth Advisors LLC raised its position in Guidewire Software by 12.9% during the fourth quarter. Earned Wealth Advisors LLC now owns 1,117 shares of the technology company’s stock valued at $225,000 after acquiring an additional 128 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Guidewire Software by 1.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 32,856 shares of the technology company’s stock valued at $6,176,000 after purchasing an additional 375 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 18.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after purchasing an additional 78 shares during the period. Finally, KBC Group NV raised its stake in shares of Guidewire Software by 10.7% during the 4th quarter. KBC Group NV now owns 2,334 shares of the technology company’s stock worth $469,000 after buying an additional 226 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GWRE. Wells Fargo & Company lowered their price target on shares of Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Guidewire Software in a research note on Tuesday. Citigroup increased their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a report on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.