Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 1,848 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the transaction, the director now directly owns 12,270 shares in the company, valued at $2,270,318.10. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Guidewire Software Trading Down 0.8 %
Shares of NYSE:GWRE traded down $1.62 during trading on Friday, reaching $191.84. The stock had a trading volume of 1,448,052 shares, compared to its average volume of 868,648. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm's fifty day moving average is $197.47 and its 200 day moving average is $187.41. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in GWRE. Versant Capital Management Inc bought a new stake in Guidewire Software in the 4th quarter worth about $25,000. Ossiam bought a new position in shares of Guidewire Software in the fourth quarter valued at approximately $29,000. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software in the third quarter worth $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in Guidewire Software in the 4th quarter valued at $34,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. JMP Securities reiterated a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.
View Our Latest Stock Report on GWRE
About Guidewire Software
(
Get Free Report)
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.
Read More
Before you consider Guidewire Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.
While Guidewire Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
