John P. Mullen Sells 1,350 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Stock Performance

Guidewire Software stock opened at $108.28 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The firm’s 50 day moving average price is $115.74 and its two-hundred day moving average price is $105.73.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Sell-side analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird raised their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. DA Davidson reiterated a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Wells Fargo & Company upgraded shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Finally, Raymond James assumed coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.11.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. HighTower Advisors LLC boosted its stake in Guidewire Software by 5.5% in the 1st quarter. HighTower Advisors LLC now owns 13,825 shares of the technology company’s stock worth $1,311,000 after purchasing an additional 726 shares during the period. Cetera Advisor Networks LLC boosted its stake in Guidewire Software by 6.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 4,428 shares of the technology company’s stock worth $419,000 after purchasing an additional 276 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Guidewire Software during the 1st quarter valued at $253,000. MetLife Investment Management LLC acquired a new stake in shares of Guidewire Software during the 1st quarter valued at $159,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Guidewire Software by 2.0% during the 1st quarter. Raymond James Trust N.A. now owns 10,089 shares of the technology company’s stock valued at $955,000 after buying an additional 195 shares during the period.

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.