Guidewire Software (NYSE:GWRE) Insider Sells $279,860.56 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,457 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $279,860.56. Following the sale, the insider directly owned 35,562 shares of the company’s stock, valued at approximately $6,830,748.96. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, December 18th, James Winston King sold 1,860 shares of Guidewire Software stock. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00.
• On Monday, November 17th, James Winston King sold 798 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total value of $177,586.92.
• On Monday, October 20th, James Winston King sold 798 shares of Guidewire Software stock. The stock was sold at an average price of $245.70, for a total value of $196,068.60.

Guidewire Software Stock Up 1.8%

Shares of Guidewire Software stock traded up $3.53 on Thursday, hitting $197.46. The company had a trading volume of 996,907 shares, compared to its average volume of 920,099. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The stock has a 50 day moving average of $223.17 and a 200-day moving average of $228.38. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 188.06, a P/E/G ratio of 12.68 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.Guidewire Software’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GWRE. Royal Bank Of Canada increased their target price on shares of Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and upped their target price for the company from $246.00 to $250.00 in a report on Wednesday. Finally, Oppenheimer lifted their price target on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.29.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently modified their holdings of GWRE. Linonia Partnership LP increased its stake in shares of Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after purchasing an additional 1,000,709 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Guidewire Software in the second quarter worth $1,100,000. Fox Run Management L.L.C. purchased a new stake in shares of Guidewire Software in the 2nd quarter valued at about $954,000. Panagora Asset Management Inc. boosted its position in shares of Guidewire Software by 47.9% during the 1st quarter. Panagora Asset Management Inc. now owns 112,931 shares of the technology company’s stock valued at $21,159,000 after acquiring an additional 36,568 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Guidewire Software during the second quarter worth about $3,295,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud 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.