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

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Guidewire Software Stock Down 1.0 %

GWRE stock traded down $1.86 during mid-day trading on Tuesday, reaching $187.18. 558,350 shares of the company traded hands, compared to its average volume of 698,490. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of -1,441.92 and a beta of 1.19. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $191.48. The firm’s 50 day moving average price is $167.35 and its 200 day moving average price is $141.99.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Guidewire Software by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the technology company’s stock worth $970,000 after buying an additional 678 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Guidewire Software by 78.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 498 shares of the technology company’s stock worth $58,000 after buying an additional 219 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $4,112,000. Edmonds Duncan Registered Investment Advisors LLC bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $309,000. Finally, Wasatch Advisors LP lifted its position in shares of Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after buying an additional 115,600 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and set a $200.00 price target (up from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. DA Davidson reiterated a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Finally, Robert W. Baird increased their price target on Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

About Guidewire Software

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.