Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $192,384.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $160.32, for a total value of $192,384.00. Following the sale, the chief executive officer owned 234,343 shares of the company’s stock, valued at approximately $37,569,869.76. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $156.26, for a total value of $187,512.00.
• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $180.87, for a total value of $217,044.00.
• 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 value 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 transaction of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total transaction of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total transaction of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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.

Guidewire Software Price Performance

NYSE GWRE opened at $162.62 on Thursday. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 154.87, a PEG ratio of 10.44 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. The stock’s fifty day moving average price is $192.62 and its 200 day moving average price is $216.58. Guidewire Software, Inc. has a 1 year low of $154.51 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm’s 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 EPS. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software declared that its board has initiated a share repurchase program on Thursday, January 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Wells Fargo & Company lowered 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, Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $269.50.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd grew its holdings in Guidewire Software by 3,636.9% in the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock valued at $172,224,000 after purchasing an additional 711,893 shares during the period. Groupama Asset Managment lifted its position in shares of Guidewire Software by 240.0% during the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after buying an additional 600,000 shares in the last quarter. Alliancebernstein L.P. grew its stake in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after acquiring an additional 431,725 shares during the period. M&T Bank Corp increased its holdings in Guidewire Software by 4,507.8% in the 4th quarter. M&T Bank Corp now owns 318,675 shares of the technology company’s stock worth $64,057,000 after acquiring an additional 311,759 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Guidewire Software by 112.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company’s stock worth $90,036,000 after acquiring an additional 254,142 shares in the last quarter.

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.