Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 209 shares of Guidewire Software stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $61.01, for a total value of $12,751.09. Following the sale, the insider now owns 209 shares of the company’s stock, valued at approximately $12,751.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Michael Polelle also recently made the following trade(s):

  • On Thursday, July 14th, Michael Polelle sold 208 shares of Guidewire Software stock. The shares were sold at an average price of $63.84, for a total value of $13,278.72.

Guidewire Software Inc (NYSE:GWRE) opened at 58.00 on Wednesday. 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 price of $61.60 and a 200-day moving average price of $58.76. The stock has a market capitalization of $4.24 billion and a PE ratio of 290.00.

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 the consensus estimate of $0.32 by $0.07. The business had revenue of $141.18 million for the quarter, compared to analysts’ expectations of $136.09 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its stake in Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock valued at $317,255,000 after buying an additional 192,866 shares in the last quarter. Artisan Partners Limited Partnership raised 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 worth $314,944,000 after buying an additional 267,520 shares during the last quarter. Wellington Management Group LLP raised 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 worth $232,425,000 after buying an additional 1,304,174 shares during the last quarter. Brown Capital Management LLC raised 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 worth $154,756,000 after buying an additional 340,121 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Guidewire Software by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,766,910 shares of the company’s stock worth $109,124,000 after buying an additional 32,933 shares during the last quarter.

A number of analysts recently weighed in on the company. Bank of America Corp. downgraded Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Friday, September 16th. They noted that the move was a valuation call. Piper Jaffray Cos. boosted their target price on Guidewire Software to $70.00 in a research report on Thursday, June 2nd. Deutsche Bank AG boosted their target price on Guidewire Software from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, June 2nd. JMP Securities restated a “hold” rating on shares of Guidewire Software in a research report on Thursday, September 8th. Finally, Citigroup Inc. boosted their target price on Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price 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.

5 Day Chart for NYSE:GWRE

Receive News & Ratings for Guidewire Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.