Guidewire Software (NYSE:GWRE) CAO David Franklin Peterson Sells 358 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 358 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $68,764.64. Following the completion of the transaction, the chief accounting officer directly owned 12,806 shares in the company, valued at $2,459,776.48. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

David Franklin Peterson also recently made the following trade(s):

• On Thursday, September 18th, David Franklin Peterson sold 1,000 shares of Guidewire Software stock. The stock was sold at an average price of $249.86, for a total value of $249,860.00.

Guidewire Software Stock Up 1.9%

Shares of GWRE stock traded up $3.61 during mid-day trading on Thursday, hitting $197.54. The company’s stock had a trading volume of 89,288 shares, compared to its average volume of 916,218. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 187.84, a PEG ratio of 12.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60. The business has a 50-day moving average price of $223.17 and a 200 day moving average price of $228.38.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same period last year, the firm posted $0.43 earnings per share. Guidewire Software’s revenue was up 26.5% compared to the same quarter last year. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Trading of Guidewire Software

Several hedge funds have recently bought and sold shares of GWRE. IFP Advisors Inc increased its holdings in shares of Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after acquiring an additional 49 shares during the period. Earned Wealth Advisors LLC grew its stake in Guidewire Software by 5.4% in the third quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after purchasing an additional 51 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Guidewire Software by 9.3% in the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares during the last quarter. PDS Planning Inc raised its holdings in Guidewire Software by 6.4% in the third quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock worth $209,000 after purchasing an additional 55 shares in the last quarter. Finally, American Trust lifted its position in shares of Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after buying an additional 61 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GWRE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, October 8th. Oppenheimer raised their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Robert W. Baird lifted their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. BTIG Research reissued a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a report on Wednesday. Finally, DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $246.00 to $250.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

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.