Michael George Rosenbaum Sells 1,200 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $156.26, for a total value of $187,512.00. Following the completion of the transaction, the chief executive officer owned 235,543 shares in the company, valued at $36,805,949.18. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total transaction of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.95, for a total transaction of $286,930.00.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total transaction of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total transaction of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total transaction of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total value of $324,590.00.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $2.04 during midday trading on Thursday, hitting $156.93. The company had a trading volume of 804,777 shares, compared to its average volume of 1,528,175. The stock has a market cap of $13.34 billion, a PE ratio of 149.42, a P/E/G ratio of 10.13 and a beta of 1.08. The business’s 50 day simple moving average is $198.28 and its two-hundred day simple moving average is $218.94. Guidewire Software, Inc. has a 1-year low of $154.51 and a 1-year high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same quarter in the previous year, the business earned $0.43 EPS. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software declared that its board has approved a share repurchase program on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently commented on GWRE. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company reduced their target price on Guidewire Software from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 price target on shares of Guidewire Software in a research note on Wednesday, December 10th. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $246.00 to $250.00 in a research report on Wednesday, December 17th. Finally, Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $269.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the 1st quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software during the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Guidewire Software in the second quarter valued at about $30,000. Finally, Westside Investment Management Inc. purchased a new position in shares of Guidewire Software in the 2nd quarter valued at about $32,000.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.