Key Points
- CEO sale: Guidewire CEO Michael George Rosenbaum sold 1,200 shares on Jan. 13 at an average price of $180.87 for $217,044, leaving him with 236,743 shares (a 0.50% reduction in his position).
- Ongoing insider selling: The Jan. 13 sale is part of sustained dispositions by Rosenbaum since October, including multiple ~1,400-share sales and a 6,015-share sale on Dec. 16, indicating continued insider selling activity.
- Company actions and results: Guidewire authorized a $500 million buyback (up to 3.1% of outstanding shares) on Jan. 8 and recently reported quarterly revenue of $332.6M (up 26.5% YoY), beating revenue estimates.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CFO Jeffrey Elliott Cooper sold 216 shares of the firm's stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total value of $39,067.92. Following the transaction, the chief financial officer owned 72,753 shares of the company's stock, valued at $13,158,835.11. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 stock was sold at an average price of $195.00, for a total transaction of $240,240.00.
- On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $551,653.76.
Guidewire Software Stock Down 2.6%
Shares of Guidewire Software stock opened at $166.33 on Friday. The company has a 50-day simple moving average of $203.13 and a two-hundred day simple moving average of $221.04. The stock has a market capitalization of $14.14 billion, a PE ratio of 158.41, a price-to-earnings-growth ratio of 11.13 and a beta of 1.08. Guidewire Software, Inc. has a 52-week low of $163.41 and a 52-week high of $272.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly 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. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was up 26.5% compared to the same quarter last year. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.
Guidewire Software declared that its board has authorized a stock buyback program on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Several research firms have issued reports on GWRE. Zacks Research lowered Guidewire Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 2nd. DA Davidson upgraded shares of Guidewire Software from a "neutral" rating to a "buy" rating and raised their price objective for the company from $246.00 to $250.00 in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their target price on shares of Guidewire Software from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, January 8th. Citigroup increased their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, December 5th. Finally, Wall Street Zen cut Guidewire Software from a "buy" rating to a "hold" rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $269.50.
Read Our Latest Report on Guidewire Software
Institutional Trading of Guidewire Software
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the 1st quarter valued at about $25,000. Strs Ohio purchased a new stake in shares of Guidewire Software in the first quarter worth about $1,336,000. Voya Investment Management LLC lifted its position in shares of Guidewire Software by 43.7% in the first quarter. Voya Investment Management LLC now owns 39,654 shares of the technology company's stock worth $7,430,000 after buying an additional 12,056 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Guidewire Software by 40.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company's stock valued at $56,000 after buying an additional 68 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in Guidewire Software by 9.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 6,547 shares of the technology company's stock valued at $1,541,000 after buying an additional 557 shares in the last quarter.
Guidewire Software Company Profile
(
Get Free Report)
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.
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