Guidewire Software Inc (NYSE:GWRE) CFO Curtis Smith sold 2,105 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $94.96, for a total value of $199,890.80. Following the completion of the transaction, the chief financial officer now owns 4,179 shares of the company’s stock, valued at approximately $396,837.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:GWRE opened at $93.59 on Friday. Guidewire Software Inc has a 1 year low of $73.82 and a 1 year high of $107.79. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 1,039.89, a price-to-earnings-growth ratio of 28.38 and a beta of 1.26. The company has a quick ratio of 7.45, a current ratio of 7.45 and a debt-to-equity ratio of 0.21.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.15. Guidewire Software had a return on equity of 3.59% and a net margin of 5.56%. The business had revenue of $169.30 million during the quarter, compared to analyst estimates of $159.73 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts anticipate that Guidewire Software Inc will post 0.42 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Tompkins Financial Corp purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. Captrust Financial Advisors purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $41,000. Rehmann Capital Advisory Group boosted its position in shares of Guidewire Software by 62.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock valued at $47,000 after buying an additional 224 shares during the period. Bremer Trust National Association purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $53,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $54,000.
Several research analysts recently commented on the company. Piper Jaffray Companies lowered Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $90.00 in a research report on Monday, March 4th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Monday, December 10th. Goldman Sachs Group reiterated a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. DA Davidson set a $118.00 price target on Guidewire Software and gave the stock a “buy” rating in a research report on Wednesday, December 5th. Finally, ValuEngine upgraded Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $106.40.
About Guidewire Software
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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