Guidewire Software (GWRE) Insider Michael Polelle Sells 229 Shares of Stock

Guidewire Software (NYSE:GWRE) insider Michael Polelle sold 229 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $79.74, for a total transaction of $18,260.46. Following the completion of the sale, the insider now owns 3,391 shares in the company, valued at $270,398.34. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

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  • On Thursday, February 15th, Michael Polelle sold 209 shares of Guidewire Software stock. The shares were sold at an average price of $80.17, for a total transaction of $16,755.53.
  • On Tuesday, January 16th, Michael Polelle sold 208 shares of Guidewire Software stock. The shares were sold at an average price of $77.81, for a total transaction of $16,184.48.

Shares of NYSE:GWRE opened at $82.76 on Tuesday. Guidewire Software has a 12 month low of $58.41 and a 12 month high of $92.65. The firm has a market cap of $6,169.14, a P/E ratio of 206.90 and a beta of 1.05.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.14. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $154.34 million. During the same period last year, the firm posted $0.28 EPS. Guidewire Software’s revenue for the quarter was up 41.7% on a year-over-year basis. analysts predict that Guidewire Software will post -0.01 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of GWRE. The Manufacturers Life Insurance Company grew its position in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares during the last quarter. Legal & General Group Plc grew its position in Guidewire Software by 14.8% during the 3rd quarter. Legal & General Group Plc now owns 31,258 shares of the technology company’s stock worth $2,434,000 after purchasing an additional 4,023 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Guidewire Software by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 215,189 shares of the technology company’s stock worth $16,754,000 after purchasing an additional 1,643 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Guidewire Software during the 3rd quarter worth $1,161,000. Finally, California Public Employees Retirement System grew its position in Guidewire Software by 12.3% during the 3rd quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock worth $7,728,000 after purchasing an additional 10,856 shares during the last quarter.

A number of equities research analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Guidewire Software in a report on Wednesday, March 7th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, March 7th. KeyCorp reiterated a “buy” rating and set a $91.00 price target on shares of Guidewire Software in a research note on Wednesday, March 7th. DA Davidson set a $100.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, March 8th. Finally, Zacks Investment Research upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $85.44.

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About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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