Guidewire Software (NYSE:GWRE) CFO Sells 9,941 Shares

Key Points

• Guidewire CFO Jeffrey Cooper sold 9,941 shares for approximately $1.42 million at an average price of $142.61, reducing his direct holdings by 10.42% to 85,420 shares. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• Guidewire reported quarterly EPS of $0.99, exceeding the $0.93 consensus estimate, while revenue rose 15.3% year over year to $411.09 million. Analysts forecast full-year EPS of $2.46.
• GWRE shares traded at $149.39, with analysts maintaining a “Moderate Buy” consensus and an average price target of $216.23, despite several recent price-target reductions.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CFO Jeffrey Cooper sold 9,941 shares of the firm's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $142.61, for a total transaction of $1,417,686.01. Following the sale, the chief financial officer directly owned 85,420 shares in the company, valued at approximately $12,181,746.20. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, September 17th, Jeffrey Cooper sold 23,234 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total transaction of $3,356,615.98.

Guidewire Software Stock Performance

Guidewire Software stock traded up $5.10 during midday trading on Monday, reaching $149.39. 990,880 shares of the company traded hands, compared to its average volume of 1,595,100. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97. The business has a 50 day moving average of $164.08 and a two-hundred day moving average of $147.50. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm's revenue was up 15.3% on a year-over-year basis. As a group, research analysts predict that Guidewire Software, Inc. will post 2.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GWRE. Bamco Inc. NY bought a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $1,106,768,000. Linonia Partnership LP bought a new position in shares of Guidewire Software in the second quarter worth approximately $853,165,000. Route One Investment Company L.P. purchased a new stake in shares of Guidewire Software in the second quarter worth $227,564,000. Geode Capital Management LLC raised its position in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock valued at $357,504,000 after purchasing an additional 145,924 shares during the period. Finally, Van ECK Associates Corp purchased a new position in shares of Guidewire Software during the 2nd quarter valued at $149,611,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group cut their price objective on Guidewire Software from $255.00 to $225.00 and set a "buy" rating for the company in a report on Friday, June 5th. Zacks Research cut Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, September 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $216.23.

About Guidewire Software

Guidewire Software, Inc NYSE: GWRE provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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