John P. Mullen Sells 6,718 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 6,718 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the sale, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Guidewire Software Stock Down 0.4 %

Shares of Guidewire Software stock traded down $0.62 on Wednesday, hitting $172.41. The company’s stock had a trading volume of 939,250 shares, compared to its average volume of 669,982. The company has a market capitalization of $14.25 billion, a P/E ratio of -1,331.00 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $85.15 and a 52-week high of $173.72. The firm has a fifty day moving average price of $148.98 and a 200-day moving average price of $130.69.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on GWRE shares. Citigroup upped their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Oppenheimer lifted their price objective on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Wells Fargo & Company boosted their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.69.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Guidewire Software in the second quarter worth approximately $429,000. Cetera Investment Advisers raised its stake in Guidewire Software by 2.1% during the second quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after purchasing an additional 372 shares during the period. Quarry LP purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at $77,000. Creative Planning grew its stake in shares of Guidewire Software by 26.1% during the 2nd quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after buying an additional 2,731 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth $1,099,000.

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.