Guidewire Software, Inc. (NYSE:GWRE) Director Sells $237,530.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 1,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total value of $237,530.00. Following the completion of the transaction, the director now directly owns 10,410 shares in the company, valued at approximately $2,472,687.30. This trade represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Guidewire Software Stock Down 0.7%

Shares of GWRE traded down $1.62 during midday trading on Wednesday, reaching $235.83. The stock had a trading volume of 641,204 shares, compared to its average volume of 954,765. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 589.58, a PEG ratio of 23.42 and a beta of 1.15. The company's fifty day simple moving average is $219.62 and its two-hundred day simple moving average is $199.41. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Guidewire Software by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company's stock valued at $1,632,206,000 after purchasing an additional 256,070 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 16.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock valued at $966,252,000 after buying an additional 720,322 shares in the last quarter. Linonia Partnership LP boosted its holdings in shares of Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock valued at $636,333,000 after buying an additional 1,000,709 shares in the last quarter. Stockbridge Partners LLC grew its position in shares of Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after buying an additional 205,382 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company's stock worth $313,410,000 after acquiring an additional 24,991 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a report on Monday. Wells Fargo & Company boosted their target price on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer lifted their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial boosted their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $248.31.

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.

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