{"id":688254,"date":"2022-09-22T16:19:01","date_gmt":"2022-09-22T20:19:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/guidewire-announces-400-0-million-share-repurchase-program\/"},"modified":"2022-09-22T16:19:01","modified_gmt":"2022-09-22T20:19:01","slug":"guidewire-announces-400-0-million-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/guidewire-announces-400-0-million-share-repurchase-program\/","title":{"rendered":"Guidewire Announces $400.0 Million Share Repurchase Program"},"content":{"rendered":"

<\/p>\n

Guidewire Announces $400.0 Million Share Repurchase Program<\/b><\/p>\n

SAN MATEO, Calif.–(BUSINESS WIRE<\/a>)–Guidewire<\/a> (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $400.0 million of its outstanding shares of Common Stock, effective immediately.\n<\/p>\n

\nRepurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at Guidewire\u2019s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Guidewire may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate Guidewire to acquire any particular amount of Common Stock, and may be modified, suspended or terminated at any time at the discretion of Guidewire\u2019s board of directors.\n<\/p>\n

\nGuidewire expects to fund repurchases with existing cash and cash equivalents, working capital or cash flows from operations. As of July 31, 2022, Guidewire had cash, cash equivalents, and investments of $1.2 billion.\n<\/p>\n

About Guidewire<\/b><\/p>\n

\nGuidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. Approximately 520 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.\n<\/p>\n

\nAs a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.\n<\/p>\n

Cautionary Language Concerning Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements relating to Guidewire\u2019s amount, timing and sources of funding for the share repurchase program. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding Guidewire\u2019s future performance and opportunities, and the amount, timing and benefits of a share repurchase program. These forward-looking statements represent Guidewire\u2019s expectations as of the date of this press release, and involve risks, uncertainties and assumptions. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond our control, including changes in price and volume and the volatility of our Common Stock, adverse developments affecting prices and trading of exchange-traded securities, including securities quoted on the New York Stock Exchange, unexpected or otherwise unplanned or alternative requirements with respect to our capital investments and the risks and uncertainties disclosed in our reports filed from time to time with the Securities and Exchange Commission, including our most recent Form 10-K and any subsequent filings on Forms 10-K, 10-Q or 8-K, available at www.sec.gov<\/a>. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.\n<\/p>\n

\nFor more information, please visit www.guidewire.com<\/a> and follow us on twitter: @Guidewire_PandC<\/a>.\n<\/p>\n

NOTE: For information about Guidewire\u2019s trademarks, visit <\/i>https:\/\/www.guidewire.com\/legal-notices<\/i><\/a>.<\/i><\/p>\n

GWRE-F<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220922005777\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Alex Hughes
\n
Guidewire Software, Inc.
\n
+1 (650) 356-4921
\n
ir@guidewire.com
\n<\/a><\/p>\n

Media Contact:
\n<\/b>
Diana Stott
\n
Guidewire Software, Inc.
\n
+1 (650) 781-9955
\n
dstott@guidewire.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Data Analytics Technology Insurance Software Finance Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Guidewire Announces $400.0 Million Share Repurchase Program SAN MATEO, Calif.–(BUSINESS WIRE)–Guidewire (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $400.0 million of its outstanding shares of Common Stock, effective immediately. Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at Guidewire\u2019s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange … <\/p>\n

Continue reading “Guidewire Announces $400.0 Million Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688254","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGuidewire Announces $400.0 Million Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/guidewire-announces-400-0-million-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guidewire Announces $400.0 Million Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Guidewire Announces $400.0 Million Share Repurchase Program SAN MATEO, Calif.–(BUSINESS WIRE)–Guidewire (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $400.0 million of its outstanding shares of Common Stock, effective immediately. 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