Guidewire Software Inc (NYSE:GWRE) insider Steven P. Sherry sold 3,041 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $106.86, for a total transaction of $324,961.26. Following the completion of the transaction, the insider now owns 414 shares in the company, valued at approximately $44,240.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Guidewire Software stock opened at $108.69 on Thursday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 10,869.01 and a beta of 1.26. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $101.21 and its 200-day simple moving average is $101.18. Guidewire Software Inc has a 52 week low of $71.64 and a 52 week high of $124.16.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, June 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.14. Guidewire Software had a positive return on equity of 0.02% and a negative net margin of 6.08%. The company had revenue of $168.17 million for the quarter, compared to the consensus estimate of $151.49 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Guidewire Software Inc will post -0.14 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its position in shares of Guidewire Software by 2.0% during the first quarter. Capital World Investors now owns 3,617,888 shares of the technology company’s stock valued at $286,935,000 after purchasing an additional 70,237 shares in the last quarter. Jackson Square Partners LLC boosted its stake in Guidewire Software by 17.8% during the fourth quarter. Jackson Square Partners LLC now owns 2,722,098 shares of the technology company’s stock valued at $298,804,000 after buying an additional 411,558 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Guidewire Software by 2.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,676,665 shares of the technology company’s stock valued at $184,048,000 after buying an additional 47,830 shares in the last quarter. Blair William & Co. IL grew its holdings in Guidewire Software by 0.7% during the 1st quarter. Blair William & Co. IL now owns 1,615,003 shares of the technology company’s stock valued at $128,086,000 after buying an additional 11,200 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Guidewire Software by 1.0% during the 4th quarter. Janus Henderson Group PLC now owns 1,598,963 shares of the technology company’s stock worth $175,518,000 after acquiring an additional 16,336 shares in the last quarter.
GWRE has been the topic of several recent research reports. Goldman Sachs Group downgraded shares of Guidewire Software from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 13th. Robert W. Baird lowered Guidewire Software from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $91.00 to $97.00 in a research note on Wednesday, April 29th. Needham & Company LLC lifted their target price on Guidewire Software from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. Finally, Wells Fargo & Co lifted their price objective on Guidewire Software from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $114.80.
Guidewire Software Company Profile
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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