Michael C. Keller Sells 1,848 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the transaction, the director now directly owns 12,270 shares in the company, valued at $2,270,318.10. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Guidewire Software Trading Up 2.7 %

NYSE:GWRE opened at $196.55 on Thursday. The company has a market cap of $16.49 billion, a PE ratio of 545.96, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $196.62 and a two-hundred day simple moving average of $186.78.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Versant Capital Management Inc purchased a new position in Guidewire Software during the fourth quarter valued at approximately $25,000. Ossiam bought a new position in shares of Guidewire Software during the 4th quarter valued at about $29,000. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software in the third quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software in the 4th quarter worth $34,000.

Wall Street Analyst Weigh In

GWRE has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Oppenheimer lifted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.