Guidewire Software (NYSE:GWRE) Hits New 52-Week Low on Insider Selling

Guidewire Software, Inc. (NYSE:GWRE) reached a new 52-week low during trading on Wednesday following insider selling activity. The company traded as low as $124.47 and last traded at $129.2130, with a volume of 3235207 shares changing hands. The stock had previously closed at $138.92.

Specifically, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $140.01, for a total value of $168,012.00. Following the transaction, the chief executive officer owned 233,143 shares of the company’s stock, valued at $32,642,351.43. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citizens Jmp reiterated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $246.00 to $250.00 in a report on Wednesday, December 17th. Finally, BTIG Research restated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research report on Tuesday, January 27th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.64.

Guidewire Software Price Performance

The firm has a fifty day moving average of $183.35 and a two-hundred day moving average of $213.05. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $10.71 billion, a PE ratio of 119.98, a PEG ratio of 8.52 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software announced that its board has approved a share buyback plan on Thursday, January 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Guidewire Software in the third quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in shares of Guidewire Software in the third quarter worth about $29,000. Newbridge Financial Services Group Inc. purchased a new position in Guidewire Software during the 2nd quarter valued at about $30,000. Advisors Asset Management Inc. bought a new position in Guidewire Software during the 1st quarter valued at approximately $25,000. Finally, Westside Investment Management Inc. bought a new position in Guidewire Software during the 2nd quarter valued at approximately $32,000.

Guidewire Software Company Profile

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.