Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 1,939 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,939 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $338,898.42. Following the completion of the transaction, the director now owns 14,118 shares in the company, valued at $2,467,544.04. This represents a 12.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $180.01 on Friday. The firm has a market capitalization of $15.03 billion, a PE ratio of 500.03, a P/E/G ratio of 44.47 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $183.32 and a two-hundred day moving average price of $169.45. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GWRE. Envestnet Asset Management Inc. boosted its holdings in shares of Guidewire Software by 0.8% in the second quarter. Envestnet Asset Management Inc. now owns 203,098 shares of the technology company’s stock worth $28,005,000 after acquiring an additional 1,626 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 23.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares in the last quarter. Wealth Alliance bought a new position in Guidewire Software in the 2nd quarter worth about $299,000. SYSTM Wealth Solutions LLC grew its holdings in Guidewire Software by 34.3% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 22,861 shares of the technology company’s stock valued at $3,152,000 after buying an additional 5,842 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after buying an additional 116 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on GWRE. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.