Steven P. Sherry Sells 4,716 Shares of Guidewire Software Inc (NYSE:GWRE) Stock

Guidewire Software Inc (NYSE:GWRE) insider Steven P. Sherry sold 4,716 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $100.52, for a total value of $474,052.32. Following the transaction, the insider now directly owns 3,268 shares in the company, valued at approximately $328,499.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of GWRE traded up $0.45 during mid-day trading on Friday, hitting $101.81. 486,042 shares of the company’s stock were exchanged, compared to its average volume of 559,512. The stock has a 50-day moving average of $100.46. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 1,131.22, a price-to-earnings-growth ratio of 22.53 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.38 and a current ratio of 6.38. Guidewire Software Inc has a 52 week low of $73.82 and a 52 week high of $109.06.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. The business had revenue of $162.90 million for the quarter, compared to analysts’ expectations of $155.23 million. During the same period last year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. Sell-side analysts forecast that Guidewire Software Inc will post 0.48 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Diversified Trust Co boosted its stake in Guidewire Software by 4.4% in the second quarter. Diversified Trust Co now owns 2,355 shares of the technology company’s stock valued at $239,000 after acquiring an additional 100 shares during the last quarter. Zions Bancorporation N.A. boosted its position in Guidewire Software by 6.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,272 shares of the technology company’s stock valued at $230,000 after buying an additional 128 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in Guidewire Software by 76.4% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 5,021 shares of the technology company’s stock valued at $488,000 after buying an additional 2,174 shares during the period. Clearbridge Investments LLC lifted its position in shares of Guidewire Software by 58.1% in the 1st quarter. Clearbridge Investments LLC now owns 680 shares of the technology company’s stock worth $66,000 after purchasing an additional 250 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Guidewire Software in the 1st quarter worth about $325,000.

A number of research firms recently commented on GWRE. Piper Jaffray Companies upped their price objective on shares of Cisco Systems from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, ValuEngine upgraded WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $107.40.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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