Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) President John Mullen sold 5,400 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $185.00, for a total value of $999,000.00. Following the sale, the president directly owned 178,247 shares of the company’s stock, valued at $32,975,695. This represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Guidewire Software Stock Performance
GWRE traded up $12.64 during midday trading on Tuesday, reaching $184.08. The company had a trading volume of 1,586,149 shares, compared to its average volume of 1,148,465. The business has a 50-day moving average of $167.07 and a two-hundred day moving average of $148.06. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $255.89. The company has a market cap of $15.33 billion, a P/E ratio of 112.93 and a beta of 1.02.
Guidewire Software (NYSE:GWRE – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The firm had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same period in the previous year, the firm earned $0.84 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
GWRE has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. JPMorgan Chase & Co. dropped their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.23.
Check Out Our Latest Analysis on GWRE
Hedge Funds Weigh In On Guidewire Software
Large investors have recently made changes to their positions in the business. CX Institutional lifted its holdings in shares of Guidewire Software by 8.6% in the third quarter. CX Institutional now owns 863 shares of the technology company’s stock worth $123,000 after buying an additional 68 shares in the last quarter. Castleark Management LLC grew its stake in 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. Elevation Wealth Partners LLC grew its stake in Guidewire Software by 35.1% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock valued at $56,000 after acquiring an additional 119 shares in the last quarter. D.A. Davidson & CO. grew its stake in Guidewire Software by 3.0% during the first quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock valued at $633,000 after acquiring an additional 124 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its stake in Guidewire Software by 5.1% during the second quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company’s stock valued at $340,000 after acquiring an additional 135 shares in the last quarter.
About Guidewire Software
Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.
The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.
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