Guidewire Software (NYSE:GWRE) Stock Price Down 5.4% – Here’s What Happened

Guidewire Software, Inc. (NYSE:GWRE)’s share price traded down 5.4% on Monday . The company traded as low as $201.26 and last traded at $199.19. 312,938 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 893,242 shares. The stock had previously closed at $210.55.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GWRE shares. Oppenheimer increased their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Robert W. Baird lifted their price target on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.25.

Guidewire Software Stock Down 4.1%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a fifty day simple moving average of $228.24 and a 200-day simple moving average of $229.15. The company has a market capitalization of $17.16 billion, a PE ratio of 191.57, a P/E/G ratio of 12.94 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $213.44, for a total value of $640,320.00. Following the completion of the sale, the president directly owned 149,958 shares in the company, valued at approximately $32,007,035.52. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $213.44, for a total value of $298,816.00. Following the sale, the chief executive officer directly owned 249,558 shares in the company, valued at approximately $53,265,659.52. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 110,942 shares of company stock valued at $26,748,168 over the last three months. 0.46% of the stock is owned by insiders.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of Guidewire Software by 56.0% in the 3rd quarter. Allworth Financial LP now owns 1,137 shares of the technology company’s stock valued at $261,000 after buying an additional 408 shares during the period. IFP Advisors Inc lifted its holdings in Guidewire Software by 4.6% in the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock worth $254,000 after acquiring an additional 49 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in Guidewire Software by 78.9% in the third quarter. Swiss Life Asset Management Ltd now owns 3,700 shares of the technology company’s stock valued at $850,000 after acquiring an additional 1,632 shares during the period. Cambria Investment Management L.P. bought a new position in shares of Guidewire Software during the third quarter valued at approximately $265,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Guidewire Software by 5.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 189,033 shares of the technology company’s stock worth $43,451,000 after purchasing an additional 9,747 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.