John P. Mullen Sells 1,350 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Guidewire Software Stock Down 0.3 %

Shares of GWRE traded down $0.36 during mid-day trading on Wednesday, hitting $108.95. 177,687 shares of the company traded hands, compared to its average volume of 636,031. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $115.88 and a two-hundred day moving average price of $105.71. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. On average, equities analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GWRE. Linonia Partnership LP bought a new stake in Guidewire Software during the fourth quarter valued at approximately $189,965,000. Invesco Ltd. boosted its position in shares of Guidewire Software by 141.4% during the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after acquiring an additional 1,079,268 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Guidewire Software during the fourth quarter worth $105,311,000. Norges Bank bought a new position in shares of Guidewire Software during the fourth quarter worth $97,829,000. Finally, Brown Advisory Inc. boosted its position in shares of Guidewire Software by 2,902.6% during the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock worth $42,824,000 after acquiring an additional 459,973 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. Robert W. Baird lifted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer boosted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Wells Fargo & Company raised shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Finally, Raymond James assumed coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.11.

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.