Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 1,381 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) insider James King sold 1,381 shares of Guidewire Software stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $144.98, for a total value of $200,217.38. Following the sale, the insider directly owned 44,558 shares in the company, valued at $6,460,018.84. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Winston King also recently made the following trade(s):

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• On Thursday, September 17th, James King sold 11,814 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total value of $1,706,768.58.
• On Thursday, July 9th, James King sold 1,684 shares of Guidewire Software stock. The stock was sold at an average price of $130.64, for a total value of $219,997.76.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $5.10 during midday trading on Monday, hitting $149.39. 990,880 shares of the company were exchanged, compared to its average volume of 1,595,100. The firm has a 50 day simple moving average of $164.08 and a 200-day simple moving average of $147.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $12.44 billion, a P/E ratio of 91.65 and a beta of 0.97. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $255.89.

Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Research analysts forecast that Guidewire Software, Inc. will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Citizens Jmp reiterated a “market outperform” rating and issued a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Stifel Nicolaus reduced their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group decreased their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $216.23.

View Our Latest Stock Analysis on Guidewire Software

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in GWRE. Bamco Inc. NY acquired a new stake in Guidewire Software in the 2nd quarter valued at about $1,106,768,000. Linonia Partnership LP acquired a new position in shares of Guidewire Software during the second quarter worth approximately $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $227,564,000. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $149,611,000.

Guidewire Software Company Profile

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Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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