Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the company's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $141.91, for a total transaction of $170,292.00. Following the transaction, the chief executive officer owned 212,806 shares in the company, valued at $30,199,299.46. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total transaction of $165,708.00.
- On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total transaction of $167,700.00.
- On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total transaction of $142,524.00.
- On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total transaction of $181,368.00.
- 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 stock was sold at an average price of $166.34, for a total transaction of $199,608.00.
- 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 transaction of $150,600.00.
- On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total transaction of $152,400.00.
Guidewire Software Stock Down 2.4%
NYSE:GWRE opened at $140.09 on Wednesday. The firm has a market capitalization of $11.86 billion, a P/E ratio of 63.68 and a beta of 0.91. Guidewire Software, Inc. has a 1-year low of $115.57 and a 1-year high of $272.60. The company's fifty day moving average price is $145.68 and its 200-day moving average price is $175.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.40. The firm had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business's quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current year.
Guidewire Software announced that its board 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 reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of Guidewire Software
A number of hedge funds have recently added to or reduced their stakes in GWRE. Capital World Investors purchased a new stake in Guidewire Software during the fourth quarter worth $202,405,000. Principal Financial Group Inc. boosted its holdings in Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after buying an additional 997,992 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in 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 buying an additional 431,725 shares in the last quarter. Stockbridge Partners LLC boosted its holdings in Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock worth $290,501,000 after buying an additional 405,850 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Guidewire Software by 179.0% during the first quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company's stock worth $94,037,000 after buying an additional 403,370 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on GWRE shares. DA Davidson reiterated a "buy" rating and issued a $246.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Guidewire Software from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Royal Bank Of Canada lowered 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, March 6th. Finally, BTIG Research increased their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $249.85.
Read Our Latest Stock Analysis on Guidewire Software
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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