Guidewire Software (NYSE:GWRE) CAO David Franklin Peterson Sells 246 Shares

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CAO David Franklin Peterson sold 246 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $29,210.04. Following the transaction, the chief accounting officer directly owned 12,287 shares in the company, valued at $1,458,958.38. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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.

Guidewire Software Stock Performance

GWRE traded down $2.53 during trading on Tuesday, hitting $117.50. The stock had a trading volume of 1,542,169 shares, compared to its average volume of 1,791,430. The company has a 50 day moving average price of $136.21 and a 200-day moving average price of $155.98. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 63.51 and a beta of 0.93. Guidewire Software, Inc. has a one year low of $113.67 and a one year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Get Guidewire Software alerts:

Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. As a group, research analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc grew its position in Guidewire Software by 4.6% during the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock worth $254,000 after buying an additional 49 shares in the last quarter. American Trust lifted its stake in Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after purchasing an additional 61 shares during the last quarter. Vident Advisory LLC lifted its stake in Guidewire Software by 1.7% during the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after purchasing an additional 70 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Guidewire Software by 18.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after purchasing an additional 78 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Guidewire Software by 0.9% during the third quarter. Quadrant Capital Group LLC now owns 8,897 shares of the technology company’s stock worth $2,045,000 after purchasing an additional 79 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada dropped their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 target price on shares of Guidewire Software in a report on Tuesday, June 2nd. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Finally, DA Davidson lowered their target price on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a report on Monday, June 8th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $229.00.

Get Our Latest Report on Guidewire Software

Guidewire Software Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Guidewire Software
• Gravity Check: Houston, SpaceX Has a Valuation Problem
• Strategy’s Bitcoin Rally Has a Hidden Engine
• Okta’s AI Moment May Be Bigger Than Investors Realize
• 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.