Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 860 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 860 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $254.53, for a total transaction of $218,895.80. Following the completion of the transaction, the director now owns 11,410 shares in the company, valued at $2,904,187.30. This trade represents a 7.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Guidewire Software Price Performance

GWRE traded down $9.46 during trading on Friday, reaching $237.34. 1,769,032 shares of the company traded hands, compared to its average volume of 954,052. The company has a market cap of $19.98 billion, a P/E ratio of 593.34, a PEG ratio of 24.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 12-month low of $132.01 and a 12-month high of $263.20. The firm has a fifty day simple moving average of $217.83 and a 200 day simple moving average of $198.83.

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

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Oppenheimer raised their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One equities 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 MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $247.00.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in the company. ANB Bank raised its stake in Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after buying an additional 56 shares in the last quarter. Norden Group LLC raised its position in shares of Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after buying an additional 61 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after acquiring an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after acquiring an additional 70 shares in the last quarter.

About Guidewire Software

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.