Guidewire Software Inc (NYSE:GWRE) insider Ali Kheirolomoom sold 170 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $76.93, for a total value of $13,078.10. Following the sale, the insider now owns 3,248 shares of the company’s stock, valued at $249,868.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Guidewire Software Inc (NYSE GWRE) traded down $0.52 during trading on Thursday, reaching $76.68. The company’s stock had a trading volume of 438,400 shares, compared to its average volume of 536,743. Guidewire Software Inc has a 52-week low of $50.99 and a 52-week high of $83.52. The firm has a market cap of $5,830.00, a P/E ratio of 306.72, a P/E/G ratio of 87.43 and a beta of 1.17.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The business had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. During the same period in the previous year, the business posted $0.02 EPS. Guidewire Software’s revenue was up 15.0% compared to the same quarter last year. research analysts forecast that Guidewire Software Inc will post 0.06 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in Guidewire Software by 51.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after buying an additional 30,089 shares during the last quarter. First Trust Advisors LP increased its stake in Guidewire Software by 3,290.9% in the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock valued at $8,237,000 after buying an additional 102,677 shares during the last quarter. BlackRock Inc. increased its stake in shares of Guidewire Software by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $304,000. Finally, Vanguard Group Inc. increased its stake in shares of Guidewire Software by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after purchasing an additional 96,478 shares during the last quarter.
GWRE has been the subject of several recent analyst reports. Zacks Investment Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank reiterated a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Guidewire Software in a report on Monday, October 2nd. TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, BidaskClub downgraded shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $80.11.
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Guidewire Software Company Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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