Key Points
- James Winston King sold 1,457 shares of Guidewire on Dec. 16 at an average price of $192.08 for $279,860.56, reducing his holding to 35,562 shares (a 3.94% decrease); he also sold 1,860 shares on Dec. 18 and two 798-share blocks on Nov. 17 and Oct. 20.
- Guidewire beat revenue estimates with quarterly sales of $332.64 million (up 26.5% year-over-year) while reporting EPS of $0.66, in line with consensus, indicating strong top-line growth.
- Analysts are broadly positive—MarketBeat shows a “Moderate Buy” consensus with an average target of $271.29—while the stock trades at a $16.79 billion market cap and a high P/E of 188.06 within a 52-week range of $165.08–$272.60.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CFO Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $240,240.00. Following the completion of the sale, the chief financial officer directly owned 72,969 shares in the company, valued at approximately $14,228,955. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Jeffrey Elliott Cooper also recently made the following trade(s):
- On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total transaction of $551,653.76.
Guidewire Software Price Performance
Guidewire Software stock opened at $197.46 on Friday. The business's 50 day simple moving average is $222.39 and its 200 day simple moving average is $228.16. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 188.06, a PEG ratio of 12.70 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm's quarterly revenue was up 26.5% compared to the same quarter last year. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Oppenheimer upped their target price on Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Citigroup lifted their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, December 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Guidewire Software in a research note on Wednesday, October 8th. Robert W. Baird lifted their price objective on Guidewire Software from $270.00 to $288.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.29.
View Our Latest Stock Report on GWRE
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of Guidewire Software by 5.2% in the first quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company's stock worth $1,726,000 after acquiring an additional 456 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in shares of Guidewire Software by 300.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 2,400 shares of the technology company's stock worth $449,000 after buying an additional 1,800 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Guidewire Software by 38.1% in the first quarter. Northern Trust Corp now owns 744,183 shares of the technology company's stock worth $139,430,000 after buying an additional 205,127 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Guidewire Software by 1.5% during the first quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company's stock valued at $313,410,000 after buying an additional 24,991 shares during the period.
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.
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