Jeffrey Elliott Cooper Sells 216 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 216 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $180.87, for a total transaction of $39,067.92. Following the completion of the transaction, the chief financial officer owned 72,753 shares in the company, valued at approximately $13,158,835.11. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, December 18th, Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock. The shares were sold at an average price of $195.00, for a total value of $240,240.00.
• On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $551,653.76.

Guidewire Software Trading Down 2.6%

Shares of GWRE stock traded down $4.52 on Thursday, hitting $166.33. The stock had a trading volume of 2,005,429 shares, compared to its average volume of 1,344,645. The company’s 50 day moving average price is $204.11 and its 200-day moving average price is $221.42. Guidewire Software, Inc. has a 1 year low of $163.41 and a 1 year high of $272.60. The firm has a market capitalization of $14.14 billion, a P/E ratio of 158.41, a P/E/G ratio of 11.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $332.64 million during 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 company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software declared that its board has initiated a stock repurchase plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. purchased a new stake in Guidewire Software in the 1st quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. acquired a new position in Guidewire Software during the second quarter worth $30,000. Finally, Westside Investment Management Inc. purchased a new position in Guidewire Software in the second quarter worth $32,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GWRE shares. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a report on Wednesday, December 10th. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $250.00 in a research note on Wednesday, December 17th. Citigroup raised their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Wells Fargo & Company reduced their target price on shares of Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.50.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.