Guidewire Software Inc (GWRE) Insider Ali Kheirolomoom Sells 170 Shares
Guidewire Software Inc (NYSE:GWRE) insider Ali Kheirolomoom sold 170 shares of Guidewire Software stock in a transaction on Monday, January 8th. The shares were sold at an average price of $76.93, for a total value of $13,078.10. Following the completion of the transaction, the insider now owns 3,248 shares of the company’s stock, valued at $249,868.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Guidewire Software Inc (NYSE GWRE) traded up $0.63 on Friday, hitting $77.31. The stock had a trading volume of 263,800 shares, compared to its average volume of 502,625. Guidewire Software Inc has a twelve month low of $51.00 and a twelve month high of $83.52. The firm has a market capitalization of $5,830.00, a PE ratio of 309.24, a P/E/G ratio of 87.43 and a beta of 1.17.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to analyst estimates of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. equities research analysts predict that Guidewire Software Inc will post 0.06 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its position in Guidewire Software by 51.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after acquiring an additional 30,089 shares during the period. First Trust Advisors LP increased its position in Guidewire Software by 3,290.9% in the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock valued at $8,237,000 after acquiring an additional 102,677 shares during the period. BlackRock Inc. increased its position in Guidewire Software by 3.4% in the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after acquiring an additional 103,707 shares during the period. Koch Industries Inc. acquired a new position in Guidewire Software in the 2nd quarter valued at about $304,000. Finally, Vanguard Group Inc. increased its position in Guidewire Software by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after acquiring an additional 96,478 shares during the period.
A number of research analysts recently issued reports on the company. Citigroup set a $85.00 target price on Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. KeyCorp reiterated a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a report on Friday, September 29th. Zacks Investment Research lowered Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 target price on shares of Guidewire Software in a report on Thursday, November 30th. Finally, BidaskClub cut Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.11.
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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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