Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 1,457 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,457 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $279,860.56. Following the sale, the insider directly owned 35,562 shares in the company, valued at $6,830,748.96. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 transaction of $196,068.60.

Guidewire Software Stock Up 1.8%

Shares of NYSE GWRE opened at $197.46 on Friday. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The firm’s 50-day moving average price is $222.39 and its 200-day moving average price is $228.16. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 188.06, a P/E/G ratio of 12.70 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

GWRE has been the topic of several recent research reports. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a research note on Wednesday. Citigroup upped their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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 institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after acquiring an additional 116,726 shares in the last quarter. Linonia Partnership LP boosted its holdings 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 valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Wellington Management Group LLP grew its stake in Guidewire Software by 1.5% in the first quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares in the last quarter. Geode Capital Management LLC grew its stake in Guidewire Software by 5.6% in the second quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock worth $372,105,000 after purchasing an additional 84,152 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Guidewire Software by 18.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock valued at $292,146,000 after purchasing an additional 202,064 shares in the last quarter.

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.