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Guidewire Software (NYSE:GWRE) Stock Price Up 1.1%

Financial News Live · Sep 29, 2022 16:13

Guidewire Software, Inc. (NYSE:GWRE – Get Rating) traded up 1.1% on Thursday . The stock traded as high as $63.00 and last traded at $62.65. 19,592 shares were traded during mid-day trading, a decline of 98% from the average session volume of 886,735 shares. The stock had previously closed at $61.98.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GWRE shares. Wells Fargo & Company reduced their price target on shares of Guidewire Software from $75.00 to $65.00 and set an "underweight" rating on the stock in a research note on Wednesday, September 7th. Stifel Nicolaus cut their price target on Guidewire Software from $100.00 to $85.00 in a research note on Wednesday, June 8th. Robert W. Baird dropped their target price on shares of Guidewire Software from $99.00 to $81.00 and set a "neutral" rating on the stock in a report on Thursday, September 8th. Royal Bank of Canada reduced their price target on shares of Guidewire Software from $125.00 to $100.00 in a report on Wednesday, September 7th. Finally, StockNews.com lowered shares of Guidewire Software from a "hold" rating to a "sell" rating in a report on Saturday, June 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Guidewire Software has a consensus rating of "Hold" and an average price target of $93.60.

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Guidewire Software Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 3.71 and a quick ratio of 4.45. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -28.56 and a beta of 1.31. The business has a fifty day moving average price of $72.45 and a two-hundred day moving average price of $78.75.

Guidewire Software (NYSE:GWRE – Get Rating) last announced its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $244.60 million during the quarter, compared to analysts' expectations of $229.63 million. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.06%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. On average, equities analysts expect that Guidewire Software, Inc. will post -1.59 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 3,110 shares of the firm's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $195,370.20. Following the sale, the insider now directly owns 43,907 shares of the company's stock, valued at $2,758,237.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael George Rosenbaum sold 27,786 shares of the firm's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $1,745,516.52. Following the sale, the chief executive officer now directly owns 201,160 shares in the company, valued at approximately $12,636,871.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 3,110 shares of the company's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $195,370.20. Following the completion of the transaction, the insider now directly owns 43,907 shares of the company's stock, valued at approximately $2,758,237.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,202 shares of company stock worth $2,588,310. Insiders own 0.17% of the company's stock.

Institutional Trading of Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Gilbert & Cook Inc. grew its stake in Guidewire Software by 4.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 3,125 shares of the technology company's stock valued at $222,000 after acquiring an additional 130 shares during the period. Stephens Inc. AR increased its stake in shares of Guidewire Software by 6.9% during the fourth quarter. Stephens Inc. AR now owns 2,049 shares of the technology company's stock worth $233,000 after purchasing an additional 133 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Guidewire Software by 3.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,423 shares of the technology company's stock worth $419,000 after purchasing an additional 147 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Guidewire Software by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 5,975 shares of the technology company's stock valued at $565,000 after buying an additional 149 shares in the last quarter. Finally, Aurora Investment Managers LLC. boosted its holdings in Guidewire Software by 1.1% in the 1st quarter. Aurora Investment Managers LLC. now owns 14,025 shares of the technology company's stock worth $1,327,000 after buying an additional 153 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Guidewire Software Company Profile

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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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.