Michael Polelle Sells 2,732 Shares of Guidewire Software Inc (GWRE) Stock

Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 2,732 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total value of $258,720.40. Following the completion of the transaction, the insider now owns 5,449 shares of the company’s stock, valued at approximately $516,020.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of GWRE stock traded up $0.52 during trading hours on Monday, reaching $103.61. 567,700 shares of the company traded hands, compared to its average volume of 846,711. Guidewire Software Inc has a 12-month low of $73.82 and a 12-month high of $107.79. The company has a quick ratio of 7.45, a current ratio of 7.45 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.39 billion, a P/E ratio of 1,151.22, a PEG ratio of 30.15 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the 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%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, equities research analysts expect that Guidewire Software Inc will post 0.42 earnings per share for the current fiscal year.

GWRE has been the subject of several analyst reports. Goldman Sachs Group restated a “buy” rating on shares of Guidewire Software in a report on Friday, February 1st. Piper Jaffray Companies cut Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $90.00 in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and an average price target of $106.40.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its stake in Guidewire Software by 2.8% in the 4th quarter. LPL Financial LLC now owns 4,236 shares of the technology company’s stock worth $340,000 after acquiring an additional 114 shares during the last quarter. First Hawaiian Bank increased its stake in Guidewire Software by 17.1% in the 4th quarter. First Hawaiian Bank now owns 1,095 shares of the technology company’s stock worth $88,000 after acquiring an additional 160 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Guidewire Software by 2.1% in the 4th quarter. State of Alaska Department of Revenue now owns 10,004 shares of the technology company’s stock worth $802,000 after acquiring an additional 207 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Guidewire Software by 62.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after acquiring an additional 224 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Guidewire Software by 3.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,199 shares of the technology company’s stock worth $497,000 after acquiring an additional 229 shares during 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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