Michael Polelle Sells 1,004 Shares of Guidewire Software Inc (GWRE) Stock

Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 1,004 shares of Guidewire Software stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $86.77, for a total value of $87,117.08. Following the completion of the transaction, the insider now owns 3,629 shares of the company’s stock, valued at approximately $314,888.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE:GWRE traded down $0.99 during trading hours on Thursday, hitting $84.34. 555,438 shares of the stock were exchanged, compared to its average volume of 687,876. Guidewire Software Inc has a 52-week low of $72.04 and a 52-week high of $107.79. The company has a current ratio of 8.40, a quick ratio of 8.40 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.90 billion, a P/E ratio of 937.11, a price-to-earnings-growth ratio of 36.09 and a beta of 1.29.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. Guidewire Software had a positive return on equity of 3.24% and a negative net margin of 0.72%. The company had revenue of $179.70 million during the quarter, compared to analyst estimates of $162.24 million. During the same period in the previous year, the business earned ($0.06) EPS. Guidewire Software’s quarterly revenue was up 66.1% on a year-over-year basis. On average, research analysts forecast that Guidewire Software Inc will post 0.3 earnings per share for the current year.

Several equities analysts recently weighed in on GWRE shares. TheStreet upgraded Guidewire Software from a “c” rating to a “b-” rating in a research note on Thursday, September 6th. Deutsche Bank lifted their price target on Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. DA Davidson lifted their price target on Guidewire Software to $118.00 and gave the company a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Tuesday, October 9th. Finally, Stifel Nicolaus lifted their price target on Guidewire Software from $93.00 to $106.00 and gave the company a “hold” rating in a research note on Friday, September 21st. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Guidewire Software presently has a consensus rating of “Buy” and an average target price of $108.40.

A number of large investors have recently bought and sold shares of GWRE. Bank of Montreal Can increased its stake in Guidewire Software by 69.8% during the 2nd quarter. Bank of Montreal Can now owns 12,803 shares of the technology company’s stock worth $1,137,000 after buying an additional 5,264 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Guidewire Software during the 2nd quarter worth approximately $302,000. Barings LLC purchased a new stake in Guidewire Software during the 2nd quarter worth approximately $479,000. Sei Investments Co. increased its stake in Guidewire Software by 6.1% during the 2nd quarter. Sei Investments Co. now owns 171,312 shares of the technology company’s stock worth $15,209,000 after buying an additional 9,843 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Guidewire Software by 13.7% during the 2nd quarter. Rhumbline Advisers now owns 85,715 shares of the technology company’s stock worth $7,610,000 after buying an additional 10,350 shares in the last quarter.

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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.

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

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