Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 15,026 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $59.53, for a total transaction of $894,497.78. Following the sale, the chief executive officer now directly owns 12,914 shares of the company’s stock, valued at approximately $768,770.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

Shares of Guidewire Software Inc (NYSE:GWRE) opened at 58.09 on Thursday. The stock has a market cap of $4.24 billion and a PE ratio of 290.45. Guidewire Software Inc has a 52 week low of $42.32 and a 52 week high of $64.78. The firm has a 50-day moving average of $61.52 and a 200 day moving average of $58.76.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts forecast that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Wellington Management Group LLP boosted its position in shares of Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock valued at $232,425,000 after buying an additional 1,304,174 shares during the period. Brown Capital Management LLC boosted its position in shares of Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock valued at $154,756,000 after buying an additional 340,121 shares during the period. Norges Bank acquired a new position in shares of Guidewire Software during the fourth quarter valued at about $19,471,000. Fiera Capital Corp acquired a new position in shares of Guidewire Software during the second quarter valued at about $19,645,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock valued at $314,944,000 after buying an additional 267,520 shares during the period.

A number of equities research analysts have recently issued reports on GWRE shares. Piper Jaffray Cos. boosted their price objective on shares of Guidewire Software to $70.00 in a research report on Thursday, June 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a report on Monday, August 1st. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, July 11th. Citigroup Inc. upped their target price on shares of Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, June 2nd. Finally, TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $71.14.

About Guidewire Software

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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