John P. Mullen Sells 6,718 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 6,718 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now owns 160,099 shares of the company’s stock, valued at $27,562,643.84. The sale was disclosed in a filing with the SEC, which is available at this link.

Guidewire Software Trading Down 0.4 %

NYSE GWRE traded down $0.62 on Wednesday, hitting $172.41. 939,250 shares of the stock traded hands, compared to its average volume of 669,982. The company has a market capitalization of $14.25 billion, a P/E ratio of -1,331.00 and a beta of 1.18. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $173.72. The stock has a 50-day moving average of $148.98 and a 200 day moving average of $130.69.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GWRE shares. Robert W. Baird increased their target price on Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Oppenheimer increased their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Citigroup upped their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, JMP Securities lifted their price target on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.69.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in Guidewire Software in the fourth quarter worth $27,000. ORG Partners LLC bought a new position in shares of Guidewire Software during the first quarter worth about $29,000. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter worth about $31,000. Lynx Investment Advisory bought a new stake in Guidewire Software in the 2nd quarter valued at about $41,000. Finally, DT Investment Partners LLC bought a new stake in Guidewire Software in the 2nd quarter valued at about $41,000.

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.