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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $151.14, for a total transaction of $181,368.00. Following the sale, the chief executive officer directly owned 217,606 shares in the company, valued at $32,888,970.84. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total value of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total value of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total value of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total value of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total value of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 value 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.

Guidewire Software Price Performance

Shares of GWRE stock opened at $147.65 on Tuesday. Guidewire Software, Inc. has a 52-week low of $120.37 and a 52-week high of $272.60. The stock has a market cap of $12.50 billion, a PE ratio of 67.11, a PEG ratio of 6.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. The firm’s 50 day moving average price is $144.85 and its two-hundred day moving average price is $189.00.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $342.88 million. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus reduced their target price on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Royal Bank Of Canada reduced their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Oppenheimer reduced their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. DA Davidson reissued a “buy” rating and set a $246.00 price target on shares of Guidewire Software in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company reduced their price target on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $249.85.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently modified their holdings of GWRE. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the 1st quarter valued at about $25,000. Norges Bank bought a new position in shares of Guidewire Software during the 2nd quarter valued at about $24,661,000. M&T Bank Corp lifted its holdings in shares of Guidewire Software by 17.2% during the 2nd quarter. M&T Bank Corp now owns 6,775 shares of the technology company’s stock valued at $1,595,000 after purchasing an additional 992 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Guidewire Software during the 2nd quarter valued at about $1,449,000. Finally, EverSource Wealth Advisors LLC lifted its position in Guidewire Software by 91.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 828 shares of the technology company’s stock valued at $195,000 after acquiring an additional 396 shares in the last quarter.

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.