David Franklin Peterson Sells 2,500 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 2,500 shares of Guidewire Software stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $200.00, for a total transaction of $500,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,787 shares of the company’s stock, valued at approximately $1,957,400. This represents a 20.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Franklin Peterson also recently made the following trade(s):

• On Tuesday, June 16th, David Franklin Peterson sold 246 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $29,210.04.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded up $9.74 during trading hours on Thursday, reaching $200.81. The company’s stock had a trading volume of 1,091,469 shares, compared to its average volume of 1,568,257. The company’s 50 day simple moving average is $149.06 and its 200 day simple moving average is $143.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The stock has a market cap of $16.72 billion, a P/E ratio of 108.55 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. During the same period in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. California State Teachers Retirement System grew its position in Guidewire Software by 11,874.0% in the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock worth $1,446,752,000 after purchasing an additional 11,659,237 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new position in shares of Guidewire Software during the second quarter worth approximately $853,165,000. Route One Investment Company L.P. acquired a new position in shares of Guidewire Software during the second quarter worth approximately $227,564,000. Finally, Geode Capital Management LLC grew its holdings in Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after buying an additional 145,924 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. cut their price target on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. The Goldman Sachs Group reduced their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Guggenheim upped their price objective on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BTIG Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $223.79.

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.