Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 1,860 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,860 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the transaction, the insider directly owned 33,702 shares of the company’s stock, valued at approximately $6,571,890. This represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 16th, James Winston King sold 1,457 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $279,860.56.
• On Monday, November 17th, James Winston King sold 798 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total transaction of $177,586.92.
• On Monday, October 20th, James Winston King sold 798 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total value of $196,068.60.

Guidewire Software Trading Up 1.8%

Shares of NYSE GWRE traded up $3.53 during midday trading on Thursday, hitting $197.46. The stock had a trading volume of 996,907 shares, compared to its average volume of 920,099. The firm has a market cap of $16.79 billion, a P/E ratio of 188.06, a price-to-earnings-growth ratio of 12.68 and a beta of 1.08. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The company’s 50-day simple moving average is $223.17 and its 200 day simple moving average is $228.38.

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

Institutional Trading of Guidewire Software

Several hedge funds have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. bought a new position in Guidewire Software during the first quarter worth about $25,000. Quarry LP bought a new stake in shares of Guidewire Software in the first quarter worth about $28,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software during the third quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the 3rd quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Guidewire Software during the 2nd quarter valued at about $30,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on GWRE. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Raymond James Financial reiterated an “outperform” rating and set a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Citizens Jmp reissued a “market outperform” rating and issued a $281.00 price target on shares of Guidewire Software in a research note on Wednesday, December 10th. Finally, Citigroup lifted their price objective on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Guidewire Software Company Profile

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.