Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 999 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 999 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $118,621.26. Following the completion of the transaction, the insider owned 31,702 shares in the company, valued at $3,764,295.48. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Stock Performance

Shares of GWRE opened at $117.50 on Wednesday. The company has a market capitalization of $9.78 billion, a PE ratio of 63.51 and a beta of 0.93. Guidewire Software, Inc. has a one year low of $113.67 and a one year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The company’s fifty day moving average price is $136.21 and its 200 day moving average price is $155.98.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. As a group, analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. The Goldman Sachs Group decreased their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Citizens Jmp decreased their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.00.

Institutional Trading of Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software during the 4th quarter valued at about $36,000. Leonteq Securities AG acquired a new stake in shares of Guidewire Software during the 1st quarter valued at about $36,000. Finally, Bogart Wealth LLC boosted its position in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after buying an additional 138 shares in the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.