Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 1,930 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $56.91, for a total transaction of $109,836.30. Following the completion of the sale, the insider now directly owns 4,141 shares of the company’s stock, valued at $235,664.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Guidewire Software Inc (NYSE:GWRE) traded down 0.02% during mid-day trading on Monday, hitting $56.94. 326,807 shares of the stock were exchanged. Guidewire Software Inc has a 12-month low of $49.18 and a 12-month high of $64.00. The company has a market capitalization of $4.21 billion and a PE ratio of 360.38. The firm has a 50-day moving average price of $55.44 and a 200 day moving average price of $56.22.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm earned $115.60 million during the quarter, compared to analyst estimates of $109.65 million. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities research analysts expect that Guidewire Software Inc will post $0.72 earnings per share for the current year.
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Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 9th. Piper Jaffray Companies downgraded shares of Guidewire Software from an “overweight” rating to a “neutral” rating in a research report on Friday, December 2nd. TheStreet downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 29th. Deutsche Bank AG reissued a “buy” rating on shares of Guidewire Software in a research report on Wednesday, November 30th. Finally, JMP Securities reissued a “hold” rating on shares of Guidewire Software in a research report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.00.
Several hedge funds have recently made changes to their positions in GWRE. Pacer Advisors Inc. increased its stake in shares of Guidewire Software by 9.0% in the third quarter. Pacer Advisors Inc. now owns 2,189 shares of the company’s stock worth $131,000 after buying an additional 180 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Guidewire Software by 29.5% in the third quarter. Bank of Montreal Can now owns 3,335 shares of the company’s stock worth $200,000 after buying an additional 760 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Guidewire Software by 14.8% in the third quarter. SG Americas Securities LLC now owns 3,717 shares of the company’s stock worth $223,000 after buying an additional 478 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Guidewire Software during the fourth quarter worth $212,000. Finally, Aperio Group LLC increased its stake in shares of Guidewire Software by 4.6% in the third quarter. Aperio Group LLC now owns 4,330 shares of the company’s stock worth $260,000 after buying an additional 189 shares in the last quarter.
Guidewire Software Company Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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