Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller Sells 1,848 Shares

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now owns 12,270 shares in the company, valued at $2,270,318.10. The trade was a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Guidewire Software Price Performance

NYSE:GWRE opened at $191.30 on Wednesday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm’s 50-day simple moving average is $196.12 and its 200 day simple moving average is $186.71. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of 531.39, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GWRE shares. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.08.

Institutional Trading of Guidewire Software

Several large investors have recently made changes to their positions in GWRE. Atomi Financial Group Inc. lifted its stake in Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after purchasing an additional 488 shares during the last quarter. Donoghue Forlines LLC bought a new stake in shares of Guidewire Software during the 4th quarter worth $2,110,000. Icon Wealth Advisors LLC lifted its position in shares of Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares during the last quarter. GDS Wealth Management boosted its stake in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its position in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the last quarter.

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.