Jeffrey Elliott Cooper Sells 2,594 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,594 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the sale, the chief financial officer owned 63,467 shares in the company, valued at approximately $7,536,071.58. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Stock Performance

GWRE stock traded down $2.53 during midday trading on Tuesday, hitting $117.50. 1,542,169 shares of the stock traded hands, compared to its average volume of 1,791,430. The firm has a market cap of $9.78 billion, a P/E ratio of 63.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The stock’s fifty day simple moving average is $136.21 and its 200-day simple moving average is $155.98. Guidewire Software, Inc. has a 1-year low of $113.67 and a 1-year high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. On average, analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GWRE shares. Stifel Nicolaus dropped their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company dropped their target price on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Royal Bank Of Canada decreased their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. The Goldman Sachs Group decreased their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Finally, Citizens Jmp decreased their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software during the third quarter worth about $29,000. Advisors Asset Management Inc. purchased a new position in Guidewire Software during the first quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new position in Guidewire Software during the fourth quarter worth about $36,000. Leonteq Securities AG purchased a new position in Guidewire Software during the first quarter worth about $36,000. Finally, Bogart Wealth LLC raised its stake in shares of Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.