Guidewire Software Inc (NYSE:GWRE) Director Andrew William Fraser Brown sold 2,585 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $77.26, for a total value of $199,717.10. Following the sale, the director now directly owns 3,846 shares in the company, valued at approximately $297,141.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Guidewire Software Inc (NYSE GWRE) opened at $75.45 on Wednesday. Guidewire Software Inc has a 1 year low of $51.00 and a 1 year high of $83.52. The stock has a market capitalization of $5,829.26, a P/E ratio of 279.44, a P/E/G ratio of 87.78 and a beta of 1.17.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $100.61 million. During the same period in the prior year, the business posted $0.02 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. equities research analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Guidewire Software by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after buying an additional 96,478 shares during the last quarter. Bamco Inc. NY raised its position in Guidewire Software by 3.1% in the 3rd quarter. Bamco Inc. NY now owns 5,082,409 shares of the technology company’s stock valued at $395,716,000 after buying an additional 151,238 shares during the last quarter. BlackRock Inc. raised its position in Guidewire Software by 3.4% in the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after buying an additional 103,707 shares during the last quarter. Janus Henderson Group PLC raised its position in Guidewire Software by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,666,688 shares of the technology company’s stock valued at $129,768,000 after buying an additional 12,949 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in Guidewire Software by 5.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,145,732 shares of the technology company’s stock valued at $88,828,000 after buying an additional 55,885 shares during the last quarter.
A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. TheStreet lowered Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Deutsche Bank reaffirmed a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a research report on Thursday, November 30th. Citigroup set a $85.00 price target on Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. Finally, BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average 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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