Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 23,234 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Cooper sold 23,234 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $144.47, for a total transaction of $3,356,615.98. Following the sale, the chief financial officer owned 95,361 shares of the company’s stock, valued at $13,776,803.67. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, September 18th, Jeffrey Cooper sold 9,941 shares of Guidewire Software stock. The shares were sold at an average price of $142.61, for a total transaction of $1,417,686.01.

Guidewire Software Trading Up 3.5%

Guidewire Software stock traded up $5.10 during trading hours on Monday, reaching $149.39. The stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. The company has a fifty day simple moving average of $164.08 and a 200-day simple moving average of $147.50. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $255.89. The stock has a market cap of $12.44 billion, a PE ratio of 91.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Analysts forecast that Guidewire Software, Inc. will post 2.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Citizens Jmp reissued a “market outperform” rating and set a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Wells Fargo & Company upped their target price on Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.23.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after buying an additional 997,992 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after acquiring an additional 15,260 shares during the period. Geode Capital Management LLC raised its position in shares of Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Guidewire Software in the 4th quarter worth approximately $5,837,000. Finally, Weiss Asset Management LP purchased a new position in shares of Guidewire Software in the 1st quarter valued at approximately $6,087,000.

About Guidewire Software

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.