Key Points
- CEO sold shares: On March 9, CEO Michael George Rosenbaum sold 1,200 shares at an average price of $166.34 for $199,608, trimming his stake by 0.53% to 227,143 shares — part of a string of insider sales since December (including a 6,015-share sale on Dec. 16).
- Quarterly beat and buyback: Guidewire reported EPS of $1.17 versus $0.77 consensus and revenue of $359.1M (up 24% YoY), and its board authorized a $500M share repurchase program in January (up to ~3.1% of shares).
- Analyst and market context: Analysts skew positive (11 Buys, 4 Holds, 1 Sell) with an average price target of $250.15, while the stock traded around $163.48 and was down about 3.2% on the day.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $166.34, for a total value of $199,608.00. Following the transaction, the chief executive officer directly owned 227,143 shares of the company's stock, valued at approximately $37,782,966.62. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $125.50, for a total value of $150,600.00.
- On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $127.00, for a total value of $152,400.00.
- On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $140.01, for a total value of $168,012.00.
- On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.32, for a total value of $192,384.00.
- On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $156.26, for a total transaction of $187,512.00.
- 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 transaction of $217,044.00.
- On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 stock was sold at an average price of $204.34, for a total transaction of $286,076.00.
Guidewire Software Trading Down 3.2%
Guidewire Software stock opened at $163.48 on Tuesday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 74.31, a price-to-earnings-growth ratio of 10.88 and a beta of 1.05. Guidewire Software, Inc. has a 1 year low of $120.37 and a 1 year high of $272.60. The firm's 50 day moving average price is $153.90 and its two-hundred day moving average price is $200.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.48 and a current ratio of 2.93.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The company's quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.
Guidewire Software announced that its Board of Directors has initiated a share repurchase program on Thursday, January 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
GWRE has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Guidewire Software from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Friday. BTIG Research upped their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a report on Thursday, January 22nd. Zacks Research downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $250.15.
Get Our Latest Report on GWRE
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of GWRE. Vanguard Group Inc. lifted its stake in Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company's stock worth $2,077,791,000 after acquiring an additional 116,726 shares in the last quarter. Geode Capital Management LLC grew its stake in Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock valued at $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Stockbridge Partners LLC increased its holdings in shares of Guidewire Software by 39.0% in the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock valued at $290,501,000 after purchasing an additional 405,850 shares during the period. AQR Capital Management LLC increased its holdings in shares of Guidewire Software by 3.6% in the 4th quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company's stock valued at $264,693,000 after purchasing an additional 45,289 shares during the period. Finally, Capital World Investors purchased a new stake in shares of Guidewire Software in the fourth quarter worth approximately $202,405,000.
Guidewire Software Company Profile
(
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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