Guidewire Software, Inc. (NYSE:GWRE) President Sells $401,994.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $401,994.00. Following the completion of the transaction, the president now directly owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $178.66 on Friday. The firm’s 50-day simple moving average is $182.99 and its 200 day simple moving average is $169.73. The stock has a market cap of $14.92 billion, a P/E ratio of 496.27, 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. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $209.15.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer boosted their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating 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 given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $193.00.

Institutional Trading of Guidewire Software

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in Guidewire Software by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 203,098 shares of the technology company’s stock worth $28,005,000 after purchasing an additional 1,626 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 23.2% in 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 buying an additional 516,942 shares in the last quarter. Wealth Alliance acquired a new stake in shares of Guidewire Software in the second quarter valued at $299,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of Guidewire Software by 34.3% in the second 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 during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Guidewire Software by 1.3% during the second 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.

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.