Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction on Friday, June 7th. The shares were sold at an average price of $96.54, for a total transaction of $1,930,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,404 shares in the company, valued at approximately $2,162,882.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, May 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $105.46, for a total transaction of $2,109,200.00.
  • On Monday, April 1st, Marcus Ryu sold 18,429 shares of Guidewire Software stock. The shares were sold at an average price of $97.82, for a total transaction of $1,802,724.78.
  • On Tuesday, March 19th, Marcus Ryu sold 9,515 shares of Guidewire Software stock. The shares were sold at an average price of $94.96, for a total transaction of $903,544.40.

Shares of Guidewire Software stock opened at $97.01 on Wednesday. Guidewire Software Inc has a one year low of $73.82 and a one year high of $109.06. The stock has a market cap of $7.90 billion, a PE ratio of 1,077.89, a P/E/G ratio of 24.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.45 and a quick ratio of 7.45.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. Guidewire Software had a return on equity of 4.80% and a net margin of 10.66%. The business had revenue of $162.90 million during the quarter, compared to the consensus estimate of $155.23 million. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Guidewire Software Inc will post 0.42 earnings per share for the current year.

GWRE has been the subject of a number of analyst reports. ValuEngine downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Piper Jaffray Companies boosted their price objective on Guidewire Software from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Zacks Investment Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $107.40.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meritage Group LP acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $109,020,000. Principal Financial Group Inc. boosted its holdings in shares of Guidewire Software by 43.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,747,907 shares of the technology company’s stock valued at $140,234,000 after acquiring an additional 528,721 shares during the period. Norges Bank acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $38,279,000. Corvex Management LP acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $37,504,000. Finally, Wasatch Advisors Inc. boosted its holdings in shares of Guidewire Software by 31.1% in the first quarter. Wasatch Advisors Inc. now owns 1,005,733 shares of the technology company’s stock valued at $97,717,000 after acquiring an additional 238,659 shares during the period.

TRADEMARK VIOLATION WARNING: “Guidewire Software Inc (NYSE:GWRE) CEO Sells $1,930,800.00 in Stock” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2019/06/12/guidewire-software-inc-nysegwre-ceo-sells-1930800-00-in-stock.html.

Guidewire Software Company Profile

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.

Featured Story: What is the Dividend Aristocrat Index?

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.