Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $151.14, for a total transaction of $181,368.00. Following the completion of the sale, the chief executive officer directly owned 217,606 shares in the company, valued at $32,888,970.84. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00.
- On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total transaction of $776,204.82.
- On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total transaction of $192,000.00.
- On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total value of $199,608.00.
- On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 shares were sold at an average price of $156.26, for a total value 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 value of $217,044.00.
Guidewire Software Trading Down 2.1%
NYSE GWRE opened at $147.65 on Tuesday. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 67.11, a PEG ratio of 6.50 and a beta of 1.05. The stock's 50 day moving average price is $144.85 and its two-hundred day moving average price is $189.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software, Inc. has a 52 week low of $120.37 and a 52 week high of $272.60.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm had revenue of $359.10 million for the quarter, compared to analysts' expectations of $342.88 million. During the same period in the previous year, the firm posted $0.51 EPS. The company's revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.
Guidewire Software announced that its Board of Directors has approved a stock repurchase program on Thursday, January 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Oppenheimer dropped their price objective on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their price objective on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus dropped their price objective on Guidewire Software from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Finally, Wells Fargo & Company dropped their price objective on Guidewire Software from $250.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $249.85.
View Our Latest Analysis on Guidewire Software
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GWRE. Capital World Investors bought a new position in Guidewire Software in the 4th quarter valued at about $202,405,000. Qube Research & Technologies Ltd raised its holdings in Guidewire Software by 3,636.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company's stock valued at $172,224,000 after acquiring an additional 711,893 shares during the period. Alliancebernstein L.P. raised its holdings in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company's stock valued at $126,743,000 after acquiring an additional 431,725 shares during the period. Stockbridge Partners LLC raised its holdings in 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 acquiring an additional 405,850 shares during the period. Finally, M&T Bank Corp raised its holdings in Guidewire Software by 4,507.8% in the 4th quarter. M&T Bank Corp now owns 318,675 shares of the technology company's stock valued at $64,057,000 after acquiring an additional 311,759 shares during the period.
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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