Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,348 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,348 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $105.67, for a total transaction of $142,443.16. Following the completion of the transaction, the chief financial officer directly owned 62,119 shares in the company, valued at approximately $6,564,114.73. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $308,011.56.

Guidewire Software Stock Down 4.8%

GWRE traded down $5.19 during midday trading on Monday, reaching $102.67. 2,057,418 shares of the company were exchanged, compared to its average volume of 1,670,974. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The company’s fifty day moving average price is $134.13 and its 200 day moving average price is $153.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Guidewire Software’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GWRE shares. Citizens Jmp reduced their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. DA Davidson cut their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Guidewire Software in a research report on Tuesday, June 2nd. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, The Goldman Sachs Group dropped their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors bought a new stake in shares of Guidewire Software in the 4th quarter worth approximately $202,405,000. Principal Financial Group Inc. grew its holdings in Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares during the period. Alliancebernstein L.P. increased its position in Guidewire Software by 405.1% in the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after buying an additional 431,725 shares during the last quarter. Stockbridge Partners LLC increased its position in Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after buying an additional 405,850 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Guidewire Software by 179.0% in the first quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company’s stock valued at $94,037,000 after buying an additional 403,370 shares during the period.

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.