Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 2,300 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $401,994.00. Following the completion of the transaction, the president now owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Guidewire Software Stock Performance

NYSE:GWRE opened at $174.60 on Thursday. The stock has a 50-day simple moving average of $183.62 and a two-hundred day simple moving average of $169.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $209.15. The firm has a market capitalization of $14.58 billion, a PE ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GWRE shares. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after acquiring an additional 256,702 shares during the period. Teca Partners LP purchased a new position in shares of Guidewire Software in the second quarter valued at about $25,893,000. Linonia Partnership LP boosted its stake in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after acquiring an additional 185,077 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Guidewire Software during the third quarter worth about $26,501,000.

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.