Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 4,000 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE – Get Rating) Director Andrew William Fraser Brown sold 4,000 shares of Guidewire Software stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the sale, the director now directly owns 2,524 shares of the company’s stock, valued at approximately $187,129.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE GWRE traded up $2.85 during mid-day trading on Thursday, reaching $75.32. 447,064 shares of the company’s stock were exchanged, compared to its average volume of 595,785. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of -41.61 and a beta of 1.31. Guidewire Software, Inc. has a 52 week low of $69.61 and a 52 week high of $130.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.45 and a quick ratio of 4.45. The firm has a 50-day moving average price of $80.35 and a two-hundred day moving average price of $92.46.

Guidewire Software (NYSE:GWRE – Get Rating) last released its earnings results on Tuesday, June 7th. The technology company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.02. The company had revenue of $197.45 million for the quarter, compared to analysts’ expectations of $187.73 million. Guidewire Software had a negative return on equity of 7.80% and a negative net margin of 18.86%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) EPS. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post -1.93 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Guidewire Software by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,197,607 shares of the technology company’s stock valued at $491,797,000 after acquiring an additional 109,373 shares during the period. Skye Global Management LP raised its stake in Guidewire Software by 10.0% in the 4th quarter. Skye Global Management LP now owns 2,286,000 shares of the technology company’s stock valued at $259,530,000 after acquiring an additional 208,000 shares during the period. Route One Investment Company L.P. raised its stake in Guidewire Software by 14.6% in the 1st quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock valued at $212,491,000 after acquiring an additional 286,750 shares during the period. William Blair Investment Management LLC raised its stake in Guidewire Software by 8.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,216,665 shares of the technology company’s stock valued at $251,658,000 after acquiring an additional 172,751 shares during the period. Finally, Van ECK Associates Corp raised its stake in Guidewire Software by 17.1% in the 1st quarter. Van ECK Associates Corp now owns 1,737,384 shares of the technology company’s stock valued at $164,391,000 after acquiring an additional 253,401 shares during the period.

Several analysts recently issued reports on GWRE shares. DA Davidson reduced their price target on shares of Guidewire Software to $114.00 and set a “na” rating for the company in a research report on Tuesday, May 24th. JMP Securities raised shares of Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday, March 18th. Robert W. Baird reduced their price target on shares of Guidewire Software from $118.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. Stifel Nicolaus reduced their price target on shares of Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. Finally, BTIG Research reduced their price target on shares of Guidewire Software from $146.00 to $125.00 in a research report on Wednesday, March 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.60.

About Guidewire Software (Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

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