Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 15,026 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $59.53, for a total value of $894,497.78. Following the transaction, the chief executive officer now owns 12,914 shares in the company, valued at $768,770.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, September 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The stock was sold at an average price of $61.34, for a total value of $1,226,800.00.
  • On Monday, August 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The stock was sold at an average price of $61.45, for a total value of $1,229,000.00.
  • On Friday, July 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The stock was sold at an average price of $61.68, for a total value of $1,233,600.00.

Guidewire Software Inc (NYSE:GWRE) traded up 0.16% during mid-day trading on Wednesday, reaching $58.09. The company’s stock had a trading volume of 393,850 shares. The stock has a market capitalization of $4.24 billion and a P/E ratio of 290.45. Guidewire Software Inc has a 1-year low of $42.32 and a 1-year high of $64.78. The stock’s 50 day moving average price is $61.52 and its 200 day moving average price is $58.76.

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Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts expect that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp raised its position in shares of Guidewire Software by 1.2% in the second quarter. Stifel Financial Corp now owns 5,044 shares of the company’s stock valued at $312,000 after buying an additional 58 shares during the period. TD Asset Management Inc. raised its position in shares of Guidewire Software by 0.3% in the second quarter. TD Asset Management Inc. now owns 29,400 shares of the company’s stock valued at $1,816,000 after buying an additional 100 shares during the period. Zacks Investment Management raised its position in shares of Guidewire Software by 1.8% in the second quarter. Zacks Investment Management now owns 22,515 shares of the company’s stock valued at $1,391,000 after buying an additional 401 shares during the period. Prudential Financial Inc. raised its position in shares of Guidewire Software by 8.3% in the first quarter. Prudential Financial Inc. now owns 7,495 shares of the company’s stock valued at $408,000 after buying an additional 575 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Guidewire Software by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 20,849 shares of the company’s stock valued at $1,287,000 after buying an additional 659 shares during the period.

GWRE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Wednesday, September 7th. Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a research note on Thursday, September 8th. TheStreet upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Finally, JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and an average price target of $71.14.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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