Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 1,930 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $56.91, for a total transaction of $109,836.30. Following the completion of the transaction, the insider now directly owns 4,141 shares in the company, valued at approximately $235,664.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Guidewire Software Inc (NYSE:GWRE) traded down 0.02% on Monday, reaching $56.94. 326,807 shares of the company’s stock traded hands. The firm has a market capitalization of $4.21 billion and a P/E ratio of 360.38. The company’s 50-day moving average is $55.44 and its 200-day moving average is $56.22. Guidewire Software Inc has a 52 week low of $49.18 and a 52 week high of $64.00.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 2nd. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.14. The business earned $115.60 million during the quarter, compared to the consensus estimate of $109.65 million. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Guidewire Software Inc will post $0.72 earnings per share for the current fiscal year.
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GWRE has been the topic of several analyst reports. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Monday, November 28th. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, March 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research note on Wednesday, November 30th. TheStreet downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, Piper Jaffray Companies downgraded shares of Guidewire Software from an “overweight” rating to a “neutral” rating in a research note on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.00.
A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $22,761,000. Sciencast Management LP acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $212,000. Loomis Sayles & Co. L P increased its stake in Guidewire Software by 4.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 681,441 shares of the company’s stock valued at $33,615,000 after buying an additional 26,628 shares in the last quarter. Brandywine Managers LLC acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $262,000. Finally, Janus Capital Management LLC increased its stake in Guidewire Software by 3.6% in the fourth quarter. Janus Capital Management LLC now owns 1,806,222 shares of the company’s stock valued at $89,101,000 after buying an additional 62,687 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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