Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 6,116 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 6,116 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the transaction, the president now directly owns 166,330 shares of the company’s stock, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Guidewire Software Stock Down 0.8 %

Shares of NYSE GWRE opened at $191.84 on Friday. The company’s 50-day simple moving average is $197.47 and its 200-day simple moving average is $187.12. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Robert W. Baird raised their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. 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. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $206.08.

Institutional Trading of Guidewire Software

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after acquiring an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the last quarter. Stockbridge Partners LLC boosted its position in Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock worth $451,602,000 after acquiring an additional 205,382 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after acquiring an additional 291,774 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after acquiring an additional 12,697 shares during the last quarter.

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.