Key Points
- Guidewire President John Mullen sold 14,400 shares for approximately $2.66 million at an average price of $185 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct stake by 10.98% to 116,715 shares.
- Guidewire recently reported quarterly EPS of $0.82, exceeding the $0.74 consensus estimate, while revenue of $372.54 million rose 26.9% year over year and also topped expectations.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $221.64 price target, compared with the stock’s reported opening price of $182.11.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John Mullen sold 14,400 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total value of $2,664,000.00. Following the completion of the sale, the president directly owned 116,715 shares of the company's stock, valued at approximately $21,592,275. This represents a 10.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Guidewire Software Price Performance
Shares of GWRE stock opened at $182.11 on Friday. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 98.44 and a beta of 0.92. The stock's 50-day simple moving average is $143.28 and its 200-day simple moving average is $141.54.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software's revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. American Trust lifted its holdings in Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company's stock worth $375,000 after buying an additional 61 shares in the last quarter. Vident Advisory LLC boosted its position in Guidewire Software by 1.7% in the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company's stock valued at $936,000 after buying an additional 70 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guidewire Software by 18.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company's stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Castleark Management LLC grew its stake in shares of Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company's stock valued at $775,000 after acquiring an additional 80 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its position in shares of Guidewire Software by 9.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company's stock worth $218,000 after acquiring an additional 98 shares during the last quarter.
Wall Street Analyst Weigh In
GWRE has been the subject of several research reports. Citizens Jmp lowered their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating for the company in a research note on Friday, June 5th. BTIG Research reissued a "buy" rating and issued a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. Piper Sandler began coverage on Guidewire Software in a research note on Monday, August 10th. They issued an "overweight" rating and a $210.00 target price for the company. Zacks Research downgraded Guidewire Software from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.64.
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About Guidewire Software
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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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