Guidewire Software Inc (NYSE:GWRE) COO Priscilla Hung sold 3,536 shares of Guidewire Software stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total transaction of $334,859.20. Following the sale, the chief operating officer now owns 7,418 shares in the company, valued at $702,484.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE GWRE traded up $1.68 during midday trading on Thursday, reaching $96.25. The stock had a trading volume of 552,200 shares, compared to its average volume of 900,760. The company has a market capitalization of $7.77 billion, a P/E ratio of 1,069.44, a price-to-earnings-growth ratio of 28.13 and a beta of 1.26. Guidewire Software Inc has a twelve month low of $73.82 and a twelve month high of $107.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $169.30 million during the quarter, compared to analyst estimates of $159.73 million. Guidewire Software had a net margin of 5.56% and a return on equity of 3.59%. Guidewire Software’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. Analysts forecast that Guidewire Software Inc will post 0.42 earnings per share for the current year.
GWRE has been the topic of several recent research reports. Piper Jaffray Companies downgraded shares of Guidewire Software from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $90.00 in a research report on Monday, March 4th. Goldman Sachs Group restated a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Monday, December 10th. ValuEngine upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Finally, Citigroup dropped their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, December 6th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $106.40.
Several large investors have recently added to or reduced their stakes in GWRE. Tompkins Financial Corp bought a new stake in shares of Guidewire Software in the 4th quarter valued at $29,000. Captrust Financial Advisors bought a new stake in shares of Guidewire Software in the 4th quarter valued at $41,000. Rehmann Capital Advisory Group increased its stake in shares of Guidewire Software by 62.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock valued at $47,000 after acquiring an additional 224 shares in the last quarter. Bremer Trust National Association bought a new stake in shares of Guidewire Software in the 4th quarter valued at $53,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Guidewire Software in the 4th quarter valued at $54,000.
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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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