Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CFO Jeffrey Elliott Cooper sold 1,956 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the transaction, the chief financial officer now directly owns 71,538 shares of the company's stock, valued at approximately $13,550,012.58. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jeffrey Elliott Cooper also recently made the following trade(s):
- On Wednesday, January 15th, Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total value of $52,434.00.
Guidewire Software Stock Performance
GWRE stock opened at $193.25 on Friday. The company has a market cap of $16.21 billion, a P/E ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock's fifty day moving average price is $197.06 and its 200-day moving average price is $186.82.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for 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%. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have commented on GWRE. DA Davidson reiterated a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.
Check Out Our Latest Report on GWRE
Hedge Funds Weigh In On Guidewire Software
Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after acquiring an additional 418,642 shares during the period. Janus Henderson Group PLC raised its holdings in Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after acquiring an additional 393,445 shares during the period. Rathbones Group PLC bought a new stake in Guidewire Software during the fourth quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. raised its holdings in Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after acquiring an additional 329,863 shares during the period.
Guidewire Software Company Profile
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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.
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