Guidewire Software, Inc. (NYSE:GWRE) Director Marcus Ryu Buys 1,000 Shares

Guidewire Software, Inc. (NYSE:GWRE – Get Rating) Director Marcus Ryu purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were acquired at an average price of $70.81 per share, with a total value of $70,810.00. Following the purchase, the director now owns 4,539 shares of the company’s stock, valued at $321,406.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE GWRE opened at $70.21 on Friday. Guidewire Software, Inc. has a 12-month low of $69.61 and a 12-month high of $130.95. The company’s fifty day simple moving average is $82.17 and its 200 day simple moving average is $93.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.45 and a quick ratio of 4.45.

Guidewire Software (NYSE:GWRE – Get Rating) last released its quarterly earnings data on Tuesday, June 7th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.02. Guidewire Software had a negative net margin of 18.86% and a negative return on equity of 7.80%. The firm had revenue of $197.45 million for the quarter, compared to analyst estimates of $187.73 million. During the same period last year, the firm earned ($0.39) earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post -1.93 EPS for the current fiscal year.

A number of brokerages recently weighed in on GWRE. Wells Fargo & Company lowered their price target on shares of Guidewire Software from $85.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, June 8th. DA Davidson cut their price objective on shares of Guidewire Software to $114.00 and set a “na” rating on the stock in a research report on Tuesday, May 24th. StockNews.com upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Royal Bank of Canada started coverage on shares of Guidewire Software in a research note on Tuesday, April 19th. They set an “outperform” rating and a $125.00 price objective on the stock. Finally, JMP Securities upgraded shares of Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Friday, March 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.60.

Several institutional investors have recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC lifted its position in shares of Guidewire Software by 9.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 447,307 shares of the technology company’s stock valued at $50,783,000 after purchasing an additional 38,097 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Guidewire Software by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 324,306 shares of the technology company’s stock worth $36,817,000 after buying an additional 9,583 shares during the last quarter. National Bank of Canada FI purchased a new stake in Guidewire Software during the fourth quarter worth about $194,000. Laurus Investment Counsel Inc. purchased a new position in shares of Guidewire Software in the fourth quarter worth about $4,682,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Guidewire Software in the fourth quarter worth about $5,641,000.

Guidewire Software Company Profile (Get Rating)

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.

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