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 company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $125.50, for a total value of $150,600.00. Following the sale, the chief executive officer owned 229,543 shares in the company, valued at approximately $28,807,646.50. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $140.01, for a total value of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.32, for a total value of $192,384.00.
• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 transaction 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 transaction 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 shares were sold at an average price of $210.87, for a total value of $295,218.00.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $128.28 on Wednesday. The business has a 50-day simple moving average of $162.91 and a 200 day simple moving average of $204.11. Guidewire Software, Inc. has a one year low of $120.37 and a one year high of $272.60. 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 firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 122.17, a PEG ratio of 7.88 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software announced that its Board of Directors has approved a share buyback plan on Thursday, January 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of recent research reports. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Citizens Jmp reissued a “market outperform” rating and issued a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company cut their target price on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.92.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently modified their holdings of GWRE. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the second quarter worth $58,000. Forum Financial Management LP grew its stake in Guidewire Software by 7.1% in the 2nd quarter. Forum Financial Management LP now owns 1,562 shares of the technology company’s stock valued at $368,000 after purchasing an additional 104 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at $42,000. Finally, Focus Partners Advisor Solutions LLC raised its stake in shares of Guidewire Software by 223.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 4,074 shares of the technology company’s stock worth $959,000 after purchasing an additional 2,813 shares during the period.

Guidewire Software Company Profile

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.