John P. Mullen Sells 3,000 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Key Points

• John P. Mullen, President of Guidewire Software, sold 3,000 shares at an average price of $223.28, totaling approximately $669,840, leading to a 2.05% decrease in his stock ownership.
• Guidewire Software's stock performance shows a current price of $226.09 with a twelve-month high of $263.20, and recent earnings surpassed estimates with a 22% year-over-year revenue increase.
• Several hedge funds have increased their stakes in Guidewire Software, indicating growing institutional interest in the company amidst favorable analyst ratings and price targets that range from $270 to $290.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction on Friday, August 1st. The shares were sold at an average price of $223.28, for a total value of $669,840.00. Following the sale, the president directly owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $3.21 on Monday, hitting $226.09. The company had a trading volume of 568,199 shares, compared to its average volume of 995,565. The firm has a market cap of $19.03 billion, a P/E ratio of 565.23, a price-to-earnings-growth ratio of 15.71 and a beta of 1.16. The company has a 50-day moving average price of $231.49 and a 200-day moving average price of $210.28. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a twelve month low of $132.01 and a twelve month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. ANB Bank increased its stake in shares of Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock worth $298,000 after purchasing an additional 54 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Guidewire Software by 40.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company's stock worth $56,000 after buying an additional 68 shares in the last quarter. Poinciana Advisors Group LLC raised its holdings in shares of Guidewire Software by 5.9% during the second quarter. Poinciana Advisors Group LLC now owns 1,247 shares of the technology company's stock valued at $294,000 after acquiring an additional 70 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Guidewire Software by 4.1% in the second quarter. Sequoia Financial Advisors LLC now owns 1,835 shares of the technology company's stock worth $432,000 after acquiring an additional 73 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Robert W. Baird boosted their price target on Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, Oppenheimer lifted their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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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