Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 1,000 shares of Guidewire Software stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total value of $237,530.00. Following the completion of the transaction, the director now directly owns 10,410 shares of the company's stock, valued at $2,472,687.30. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Guidewire Software Price Performance
GWRE traded up $0.50 on Friday, reaching $235.37. The stock had a trading volume of 2,231,560 shares, compared to its average volume of 962,072. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The firm has a 50-day moving average of $222.25 and a 200-day moving average of $200.73. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 588.41, a price-to-earnings-growth ratio of 20.71 and a beta of 1.15.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Institutional Investors Weigh In On Guidewire Software
A number of institutional investors have recently made changes to their positions in GWRE. Truist Financial Corp grew its position in shares of Guidewire Software by 21.8% in the 4th quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock valued at $1,626,000 after buying an additional 1,724 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Guidewire Software by 46.9% in the 4th quarter. D.A. Davidson & CO. now owns 1,779 shares of the technology company's stock valued at $300,000 after buying an additional 568 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Guidewire Software by 1,432.1% during the 4th quarter. IFP Advisors Inc now owns 812 shares of the technology company's stock valued at $137,000 after purchasing an additional 759 shares in the last quarter. Amalgamated Bank boosted its position in shares of Guidewire Software by 7.0% during the 4th quarter. Amalgamated Bank now owns 5,182 shares of the technology company's stock valued at $874,000 after purchasing an additional 340 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its position in shares of Guidewire Software by 1.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after purchasing an additional 75 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Citigroup lifted their price objective on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $248.31.
Check Out Our Latest Report on Guidewire Software
About Guidewire Software
(
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Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.
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