Ali Kheirolomoom Sells 2,047 Shares of Guidewire Software, Inc. (GWRE) Stock
Guidewire Software, Inc. (NYSE:GWRE) insider Ali Kheirolomoom sold 2,047 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $77.06, for a total transaction of $157,741.82. Following the transaction, the insider now owns 1,941 shares of the company’s stock, valued at approximately $149,573.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Guidewire Software, Inc. (NYSE:GWRE) opened at 78.64 on Friday. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $81.46. The stock has a 50 day moving average of $73.70 and a 200 day moving average of $66.23. The firm has a market cap of $5.90 billion, a PE ratio of 280.86 and a beta of 1.24.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.39 by $0.20. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, equities research analysts anticipate that Guidewire Software, Inc. will post $1.03 EPS for the current fiscal year.
GWRE has been the subject of a number of analyst reports. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Piper Jaffray Companies restated a “buy” rating and set a $80.00 price objective on shares of Guidewire Software in a report on Sunday, August 27th. TheStreet cut shares of Guidewire Software from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Bank of America Corporation boosted their price objective on shares of Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Buy” and an average target price of $78.89.
Hedge funds have recently made changes to their positions in the company. Israel Discount Bank of New York acquired a new stake in shares of Guidewire Software during the 1st quarter worth approximately $104,000. D.A. Davidson & CO. grew its position in shares of Guidewire Software by 2,270.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Guidewire Software by 424.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after buying an additional 2,105 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after buying an additional 283 shares during the period.
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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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