Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,200 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total transaction of $217,044.00. Following the transaction, the chief executive officer directly owned 236,743 shares of the company’s stock, valued at $42,819,706.41. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.95, for a total transaction of $286,930.00.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total transaction of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total transaction of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total transaction of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.

Guidewire Software Trading Down 2.6%

NYSE:GWRE opened at $166.33 on Friday. Guidewire Software, Inc. has a one year low of $163.41 and a one year high of $272.60. The business has a fifty day moving average price of $203.13 and a 200-day moving average price of $221.04. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 158.41, a price-to-earnings-growth ratio of 11.13 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 released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.Guidewire Software’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its Board of Directors has authorized a stock repurchase plan on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, October 8th. Citizens Jmp restated a “market outperform” rating and issued a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. Citigroup upped their price objective on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Wells Fargo & Company decreased their target price on Guidewire Software from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.50.

Institutional Trading of Guidewire Software

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Guidewire Software in the 3rd quarter worth about $51,967,000. Assenagon Asset Management S.A. increased its stake in Guidewire Software by 12.8% during the third quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock worth $34,699,000 after acquiring an additional 17,151 shares during the last quarter. CWM LLC raised its position in Guidewire Software by 43.8% during the third quarter. CWM LLC now owns 31,772 shares of the technology company’s stock valued at $7,303,000 after purchasing an additional 9,670 shares during the period. Pacer Advisors Inc. raised its position in Guidewire Software by 176.2% during the third quarter. Pacer Advisors Inc. now owns 11,215 shares of the technology company’s stock valued at $2,578,000 after purchasing an additional 7,154 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Guidewire Software during the 2nd quarter valued at $954,000.

About Guidewire Software

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.