Guidewire Software (NYSE:GWRE) insider Michael Polelle sold 209 shares of the firm’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $82.26, for a total transaction of $17,192.34. Following the transaction, the insider now directly owns 3,600 shares of the company’s stock, valued at approximately $296,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Polelle also recently made the following trade(s):
- On Tuesday, April 3rd, Michael Polelle sold 229 shares of Guidewire Software stock. The stock was sold at an average price of $79.74, for a total transaction of $18,260.46.
- On Thursday, February 15th, Michael Polelle sold 209 shares of Guidewire Software stock. The stock was sold at an average price of $80.17, for a total transaction of $16,755.53.
GWRE opened at $86.36 on Friday. Guidewire Software has a fifty-two week low of $59.01 and a fifty-two week high of $92.65. The firm has a market capitalization of $6,540.68, a price-to-earnings ratio of 271.22 and a beta of 1.05.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $163.80 million during the quarter, compared to analysts’ expectations of $154.34 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. equities research analysts expect that Guidewire Software will post -0.01 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in Guidewire Software in the fourth quarter valued at $505,000. Sterling Capital Management LLC increased its holdings in Guidewire Software by 11.6% in the fourth quarter. Sterling Capital Management LLC now owns 67,752 shares of the technology company’s stock valued at $5,031,000 after buying an additional 7,036 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Guidewire Software by 4.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after buying an additional 34,784 shares in the last quarter. DF Dent & Co. Inc. increased its holdings in Guidewire Software by 6.3% in the fourth quarter. DF Dent & Co. Inc. now owns 19,053 shares of the technology company’s stock valued at $1,415,000 after buying an additional 1,128 shares in the last quarter. Finally, Weitz Investment Management Inc. increased its holdings in Guidewire Software by 160.0% in the fourth quarter. Weitz Investment Management Inc. now owns 65,000 shares of the technology company’s stock valued at $4,827,000 after buying an additional 40,000 shares in the last quarter.
Several research analysts recently issued reports on GWRE shares. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. DA Davidson started coverage on shares of Guidewire Software in a report on Friday, February 2nd. They set a “buy” rating and a $92.00 target price for the company. Stifel Nicolaus raised their target price on shares of Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, March 7th. KeyCorp reissued a “buy” rating and set a $91.00 target price on shares of Guidewire Software in a report on Wednesday, March 7th. Finally, William Blair reissued an “outperform” rating on shares of Guidewire Software in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.44.
Guidewire Software Company Profile
Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.
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