Insider Selling: Guidewire Software Inc (GWRE) CFO Sells 2,105 Shares of Stock

Guidewire Software Inc (NYSE:GWRE) CFO Curtis Smith sold 2,105 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $94.96, for a total value of $199,890.80. Following the transaction, the chief financial officer now owns 4,179 shares in the company, valued at approximately $396,837.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE GWRE traded up $0.52 during mid-day trading on Monday, hitting $103.61. 567,700 shares of the stock traded hands, compared to its average volume of 846,711. The company has a quick ratio of 7.45, a current ratio of 7.45 and a debt-to-equity ratio of 0.21. Guidewire Software Inc has a twelve month low of $73.82 and a twelve month high of $107.79. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 1,151.22, a price-to-earnings-growth ratio of 30.15 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.15. The company had revenue of $169.30 million for the quarter, compared to the consensus estimate of $159.73 million. Guidewire Software had a return on equity of 3.59% and a net margin of 5.56%. Guidewire Software’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts anticipate that Guidewire Software Inc will post 0.42 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC raised its position in shares of Guidewire Software by 1.2% in the 1st quarter. Peregrine Capital Management LLC now owns 217,362 shares of the technology company’s stock worth $21,119,000 after acquiring an additional 2,591 shares in the last quarter. McCollum Christoferson Group LLC raised its position in shares of Guidewire Software by 1.7% in the 1st quarter. McCollum Christoferson Group LLC now owns 51,607 shares of the technology company’s stock worth $5,014,000 after acquiring an additional 840 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Guidewire Software in the 1st quarter worth about $729,000. Riverbridge Partners LLC raised its position in shares of Guidewire Software by 3.7% in the 1st quarter. Riverbridge Partners LLC now owns 485,229 shares of the technology company’s stock worth $47,145,000 after acquiring an additional 17,535 shares in the last quarter. Finally, First Hawaiian Bank raised its position in shares of Guidewire Software by 24.3% in the 1st quarter. First Hawaiian Bank now owns 1,361 shares of the technology company’s stock worth $133,000 after acquiring an additional 266 shares in the last quarter.

A number of equities analysts have commented on GWRE shares. Goldman Sachs Group restated a “buy” rating on shares of Guidewire Software in a research note on Friday, February 1st. Piper Jaffray Companies lowered Guidewire Software from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $90.00 in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Guidewire Software has a consensus rating of “Buy” and an average price target of $106.40.

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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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