Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the transaction, the chief financial officer owned 63,467 shares of the company’s stock, valued at $7,536,071.58. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Guidewire Software Stock Performance
Shares of GWRE opened at $107.64 on Friday. Guidewire Software, Inc. has a 12-month low of $106.40 and a 12-month high of $272.60. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.96 billion, a PE ratio of 58.19 and a beta of 0.93. The stock has a 50-day moving average price of $134.72 and a 200-day moving average price of $154.50.
Guidewire Software (NYSE:GWRE – Get Free Report) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Guidewire Software
Analysts Set New Price Targets
GWRE has been the topic of several research reports. DA Davidson lowered their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Stifel Nicolaus reduced their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. BTIG Research restated a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group dropped their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.00.
Get Our Latest Analysis on GWRE
Guidewire Software Company Profile
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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