Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 860 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $254.53, for a total transaction of $218,895.80. Following the sale, the director now owns 11,410 shares of the company's stock, valued at $2,904,187.30. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Guidewire Software Stock Performance
GWRE opened at $248.04 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a 50 day simple moving average of $214.56 and a two-hundred day simple moving average of $197.95. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The firm has a market cap of $20.88 billion, a P/E ratio of 620.10, a PEG ratio of 24.91 and a beta of 1.15.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Guidewire Software's revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Guidewire Software
A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. SBI Securities Co. Ltd. boosted its position in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the first quarter worth $25,000. Quarry LP bought a new position in shares of Guidewire Software during the first quarter worth $28,000. Ossiam bought a new position in shares of Guidewire Software during the fourth quarter worth $29,000. Finally, Rise Advisors LLC bought a new position in shares of Guidewire Software during the first quarter worth $31,000.
Wall Street Analysts Forecast Growth
GWRE has been the subject of several recent research reports. Citigroup boosted their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company boosted their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $247.00.
Check Out Our Latest Stock Analysis on GWRE
Guidewire Software Company Profile
(
Get Free Report)
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.
Further Reading
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