Insider Selling: Guidewire Software (NYSE:GWRE) CAO Sells 358 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 358 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $68,764.64. Following the completion of the transaction, the chief accounting officer directly owned 12,806 shares of the company’s stock, valued at approximately $2,459,776.48. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

David Franklin Peterson also recently made the following trade(s):

• On Thursday, September 18th, David Franklin Peterson sold 1,000 shares of Guidewire Software stock. The shares were sold at an average price of $249.86, for a total transaction of $249,860.00.

Guidewire Software Price Performance

Shares of GWRE stock traded up $0.26 during mid-day trading on Wednesday, hitting $193.85. The company had a trading volume of 1,448,834 shares, compared to its average volume of 919,783. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The stock’s 50 day moving average price is $223.90 and its 200-day moving average price is $228.62. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60. The company has a market capitalization of $16.48 billion, a P/E ratio of 184.62, a P/E/G ratio of 12.72 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their target price for the company from $246.00 to $250.00 in a research report on Wednesday. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Citizens Jmp restated a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a report on Wednesday, December 10th. Oppenheimer increased their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group lifted their price target on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $271.29.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in shares of Guidewire Software by 5.2% during the first quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company’s stock worth $1,726,000 after purchasing an additional 456 shares during the last quarter. Ethic Inc. lifted its holdings in Guidewire Software by 7.3% during the 1st quarter. Ethic Inc. now owns 9,037 shares of the technology company’s stock valued at $1,722,000 after buying an additional 618 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in Guidewire Software by 300.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 2,400 shares of the technology company’s stock valued at $449,000 after buying an additional 1,800 shares during the period. Brooklyn Investment Group grew its stake 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 acquiring an additional 62 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Guidewire Software by 38.1% during the first quarter. Northern Trust Corp now owns 744,183 shares of the technology company’s stock valued at $139,430,000 after acquiring an additional 205,127 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.