Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 20,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $92.95, for a total transaction of $1,859,000.00. Following the completion of the transaction, the chief executive officer now owns 20,276 shares in the company, valued at $1,884,654.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marcus Ryu also recently made the following trade(s):

  • On Thursday, November 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $89.04, for a total transaction of $1,780,800.00.
  • On Monday, October 1st, Marcus Ryu sold 20,822 shares of Guidewire Software stock. The shares were sold at an average price of $100.34, for a total transaction of $2,089,279.48.
  • On Tuesday, September 18th, Marcus Ryu sold 15,935 shares of Guidewire Software stock. The shares were sold at an average price of $105.31, for a total transaction of $1,678,114.85.

Shares of GWRE opened at $85.01 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.43 and a current ratio of 5.43. The company has a market cap of $7.27 billion, a PE ratio of 944.56, a price-to-earnings-growth ratio of 43.98 and a beta of 1.29. Guidewire Software Inc has a 12-month low of $72.04 and a 12-month high of $107.79.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.18. The business had revenue of $179.70 million for the quarter, compared to analyst estimates of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.38%. The company’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. Analysts anticipate that Guidewire Software Inc will post 0.26 earnings per share for the current year.

Several equities analysts have commented on GWRE shares. Citigroup dropped their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, October 9th. Deutsche Bank increased their price target on shares of Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. ValuEngine upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. Finally, DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.60.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Guidewire Software by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,021,764 shares of the technology company’s stock worth $709,268,000 after acquiring an additional 215,874 shares during the last quarter. Bamco Inc. NY grew its position in shares of Guidewire Software by 0.6% during the third quarter. Bamco Inc. NY now owns 6,528,904 shares of the technology company’s stock worth $659,485,000 after acquiring an additional 40,699 shares during the last quarter. Blair William & Co. IL grew its position in shares of Guidewire Software by 4.2% during the third quarter. Blair William & Co. IL now owns 1,317,154 shares of the technology company’s stock worth $133,046,000 after acquiring an additional 53,070 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Guidewire Software by 22.0% during the second quarter. OppenheimerFunds Inc. now owns 900,134 shares of the technology company’s stock worth $79,914,000 after acquiring an additional 162,319 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Guidewire Software by 30.1% during the second quarter. Jennison Associates LLC now owns 862,208 shares of the technology company’s stock worth $76,547,000 after acquiring an additional 199,367 shares during the last quarter.

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About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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