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

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 stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the transaction, the director now directly owns 12,270 shares of the company’s stock, valued at $2,270,318.10. This trade represents a 13.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Price Performance

GWRE stock traded down $0.21 during trading on Tuesday, hitting $191.30. The stock had a trading volume of 1,171,782 shares, compared to its average volume of 861,391. The company’s 50 day moving average price is $196.12 and its two-hundred day moving average price is $186.71. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 531.39, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. GSA Capital Partners LLP purchased a new stake in Guidewire Software in the 3rd quarter valued at about $219,000. Oppenheimer & Co. Inc. purchased a new stake in Guidewire Software in the 3rd quarter valued at about $415,000. KBC Group NV grew its holdings in Guidewire Software by 15.3% in the 3rd quarter. KBC Group NV now owns 2,087 shares of the technology company’s stock valued at $382,000 after buying an additional 277 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares during the period.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Wells Fargo & Company lifted their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.