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 the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total value of $341,935.44. Following the completion of the transaction, the director now owns 12,270 shares of the company’s stock, valued at $2,270,318.10. The trade was a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Guidewire Software Stock Performance

Shares of GWRE opened at $191.30 on Wednesday. The firm’s fifty day simple moving average is $196.12 and its two-hundred day simple moving average is $186.71. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.05 billion, a P/E ratio of 531.39, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last announced its 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 for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Trading of Guidewire Software

Several large investors have recently modified their holdings of GWRE. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Guidewire Software during the 3rd quarter worth about $219,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at about $415,000. KBC Group NV increased its position 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 in the last quarter. Finally, CIBC Asset Management Inc increased its position 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 in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird upped their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

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.