Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now directly owns 164,030 shares of the company's stock, valued at approximately $30,829,438.50. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Guidewire Software Stock Performance
Guidewire Software stock opened at $184.26 on Friday. The company has a market cap of $15.46 billion, a PE ratio of 511.83, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a fifty day moving average price of $199.46 and a two-hundred day moving average price of $189.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.08.
Check Out Our Latest Stock Analysis on Guidewire Software
Hedge Funds Weigh In On Guidewire Software
Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Guidewire Software by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company's stock valued at $4,434,000 after purchasing an additional 579 shares during the last quarter. Captrust Financial Advisors grew its holdings in Guidewire Software by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company's stock worth $2,425,000 after buying an additional 153 shares in the last quarter. Verition Fund Management LLC raised its stake in Guidewire Software by 161.8% during the 3rd quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company's stock valued at $3,907,000 after acquiring an additional 13,200 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the third quarter valued at $33,000. Finally, Atom Investors LP bought a new stake in shares of Guidewire Software during the third quarter valued at about $388,000.
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.
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