Guidewire Software Inc (NYSE:GWRE) Director Guy Dubois sold 798 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $85.00, for a total transaction of $67,830.00. Following the completion of the sale, the director now directly owns 11,609 shares of the company’s stock, valued at approximately $986,765. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE GWRE traded down $0.82 during trading hours on Tuesday, reaching $74.56. The company had a trading volume of 228,037 shares, compared to its average volume of 937,557. Guidewire Software Inc has a 1-year low of $72.51 and a 1-year high of $107.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 8.40 and a quick ratio of 8.40. The stock has a market capitalization of $6.11 billion, a P/E ratio of 828.44, a PEG ratio of 31.94 and a beta of 1.29.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, December 4th. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.18. The company had revenue of $179.70 million for the quarter, compared to analysts’ expectations of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. Guidewire Software’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) earnings per share. As a group, analysts anticipate that Guidewire Software Inc will post 0.3 EPS for the current year.
A number of research firms have recently issued reports on GWRE. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Monday, December 10th. Citigroup dropped their target price on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, December 6th. DA Davidson set a $118.00 price objective on shares of Guidewire Software and gave the company a “buy” rating in a report on Wednesday, December 5th. ValuEngine raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 1st. Finally, TheStreet lowered shares of Guidewire Software from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Guidewire Software has a consensus rating of “Buy” and an average price target of $108.40.
A number of large investors have recently modified their holdings of GWRE. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at approximately $114,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Guidewire Software in the second quarter valued at approximately $142,000. Parallel Advisors LLC increased its stake in Guidewire Software by 290.8% in the third quarter. Parallel Advisors LLC now owns 1,794 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,335 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in Guidewire Software in the third quarter valued at approximately $202,000. Finally, Halsey Associates Inc. CT purchased a new position in Guidewire Software in the third quarter valued at approximately $202,000.
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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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