Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $96.54, for a total value of $1,930,800.00. Following the sale, the chief executive officer now owns 22,404 shares of the company’s stock, valued at approximately $2,162,882.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Marcus Ryu also recently made the following trade(s):
- On Wednesday, May 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $105.46, for a total value of $2,109,200.00.
- On Monday, April 1st, Marcus Ryu sold 18,429 shares of Guidewire Software stock. The shares were sold at an average price of $97.82, for a total value of $1,802,724.78.
- On Tuesday, March 19th, Marcus Ryu sold 9,515 shares of Guidewire Software stock. The shares were sold at an average price of $94.96, for a total value of $903,544.40.
Shares of GWRE opened at $97.83 on Friday. The stock has a market cap of $7.94 billion, a PE ratio of 1,087.00, a price-to-earnings-growth ratio of 21.53 and a beta of 1.27. The company has a quick ratio of 7.45, a current ratio of 6.38 and a debt-to-equity ratio of 0.21. Guidewire Software Inc has a 12-month low of $73.82 and a 12-month high of $109.06.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $162.90 million during the quarter, compared to the consensus estimate of $155.23 million. Guidewire Software had a return on equity of 4.76% and a net margin of 10.66%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. On average, equities analysts forecast that Guidewire Software Inc will post 0.48 earnings per share for the current year.
A number of brokerages have recently issued reports on GWRE. Piper Jaffray Companies downgraded Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $90.00 in a research report on Monday, March 4th. Zacks Investment Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, ValuEngine downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Guidewire Software currently has a consensus rating of “Hold” and a consensus target price of $107.40.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bremer Bank National Association purchased a new position in shares of Guidewire Software during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new position in shares of Guidewire Software during the 1st quarter valued at about $29,000. Captrust Financial Advisors purchased a new position in shares of Guidewire Software during the 4th quarter valued at about $41,000. Rehmann Capital Advisory Group raised its holdings in shares of Guidewire Software by 62.7% during the 4th 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 in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in shares of Guidewire Software during the 1st quarter valued at about $49,000.
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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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