Key Points
- Insider sale: CEO Michael G. Rosenbaum sold 1,200 shares on Jan. 20 at $156.26 for $187,512 and has executed multiple insider sales since November (including a 6,015-share sale on Dec. 16), leaving him with 235,543 shares (a 0.51% ownership decline).
- Large buyback authorized: Guidewire’s board approved a $500 million repurchase program (about 3.1% of outstanding shares), a move that typically signals the board views the stock as undervalued.
- Market and analyst backdrop: GWRE is trading near its 1-year low (~$156.59), below its 50- and 200-day averages, with a market cap of ~$13.3B and a high PE (~149); analysts rate the stock a "Moderate Buy" with a consensus target of $269.50.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business's stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $156.26, for a total value of $187,512.00. Following the completion of the sale, the chief executive officer owned 235,543 shares in the company, valued at $36,805,949.18. This represents a 0.51% 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.
Michael George Rosenbaum also recently made the following trade(s):
- On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $180.87, for a total value of $217,044.00.
- On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00.
- On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $200.72, for a total transaction of $281,008.00.
- On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $1,155,361.20.
- On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
- On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total value of $295,218.00.
- On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total transaction of $298,816.00.
- On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total transaction of $311,556.00.
- On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $218.53, for a total value of $305,942.00.
- On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00.
Guidewire Software Trading Down 1.5%
NYSE GWRE opened at $156.59 on Friday. The stock has a 50-day moving average of $197.05 and a 200-day moving average of $218.51. 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, Inc. has a 1-year low of $154.51 and a 1-year high of $272.60. The firm has a market cap of $13.31 billion, a PE ratio of 149.13, a price-to-earnings-growth ratio of 10.36 and a beta of 1.08.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts' consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. The business's quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Guidewire Software announced that its Board of Directors has authorized a share buyback program on Thursday, January 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
GWRE has been the subject of several research analyst reports. Wall Street Zen cut shares of Guidewire Software from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Zacks Research cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 2nd. BTIG Research restated a "buy" rating and issued a $250.00 price target on shares of Guidewire Software in a research note on Wednesday, December 17th. Citizens Jmp restated a "market outperform" rating and issued a $281.00 price objective on shares of Guidewire Software in a report on Wednesday, December 10th. Finally, Citigroup lifted their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $269.50.
View Our Latest Report on Guidewire Software
Hedge Funds Weigh In On Guidewire Software
Several large investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd raised its stake in Guidewire Software by 3,636.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company's stock valued at $172,224,000 after purchasing an additional 711,893 shares during the period. Groupama Asset Managment lifted its holdings in shares of Guidewire Software by 240.0% in the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company's stock worth $200,132,000 after buying an additional 600,000 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Guidewire Software by 405.1% during the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company's stock worth $126,743,000 after acquiring an additional 431,725 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Guidewire Software by 112.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company's stock valued at $90,036,000 after acquiring an additional 254,142 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Guidewire Software by 2.4% during the second quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company's stock valued at $2,100,838,000 after acquiring an additional 211,047 shares in the last quarter.
About Guidewire Software
(
Get Free Report)
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
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