Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 208 shares of Guidewire Software stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $58.50, for a total value of $12,168.00. Following the completion of the sale, the insider now owns 208 shares of the company’s stock, valued at $12,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael Polelle also recently made the following trade(s):
- On Wednesday, September 14th, Michael Polelle sold 209 shares of Guidewire Software stock. The shares were sold at an average price of $61.01, for a total value of $12,751.09.
Guidewire Software Inc (NYSE:GWRE) opened at 58.25 on Wednesday. The firm has a market cap of $4.26 billion and a P/E ratio of 291.25. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78. The stock’s 50 day moving average is $60.25 and its 200 day moving average is $59.59.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $141.18 million for the quarter, compared to analysts’ expectations of $136.09 million. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts expect that Guidewire Software Inc will post $0.76 EPS for the current year.
Several research firms recently weighed in on GWRE. Zacks Investment Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a report on Thursday, September 8th. JMP Securities restated a “hold” rating on shares of Guidewire Software in a report on Thursday, September 8th. Finally, Goldman Sachs Group Inc. began coverage on Guidewire Software in a report on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price objective for the company. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.38.
Several institutional investors have recently added to or reduced their stakes in GWRE. Wellington Management Group LLP boosted its position in Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock worth $232,425,000 after buying an additional 1,304,174 shares in the last quarter. Brown Capital Management LLC boosted its position in Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock worth $154,756,000 after buying an additional 340,121 shares in the last quarter. Fiera Capital Corp acquired a new position in Guidewire Software during the second quarter worth $19,645,000. Artisan Partners Limited Partnership boosted its position in Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock worth $314,944,000 after buying an additional 267,520 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock worth $317,255,000 after buying an additional 192,866 shares in the last quarter.
About Guidewire Software
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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.
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