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 company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $279,860.56. Following the completion of the transaction, the insider owned 35,562 shares of the company’s stock, valued at approximately $6,830,748.96. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was 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 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 stock was sold at an average price of $245.70, for a total value of $196,068.60.

Guidewire Software Trading Up 1.8%

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

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting 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 analysts’ expectations of $316.62 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its position in Guidewire Software by 5.2% in the 1st quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company’s stock valued at $1,726,000 after buying an additional 456 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in Guidewire Software by 300.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 2,400 shares of the technology company’s stock valued at $449,000 after acquiring an additional 1,800 shares during the period. Brooklyn Investment Group increased its holdings in shares of Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after acquiring an additional 62 shares in the last quarter. Northern Trust Corp raised its position in shares of Guidewire Software by 38.1% during the first quarter. Northern Trust Corp now owns 744,183 shares of the technology company’s stock worth $139,430,000 after purchasing an additional 205,127 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Guidewire Software by 1.5% in the 1st 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.

Analyst Ratings Changes

GWRE has been the subject of several analyst reports. Citigroup raised their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Raymond James Financial reissued an “outperform” rating and set a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $246.00 to $250.00 in a research report on Wednesday. Royal Bank Of Canada lifted their price objective on Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, Stifel Nicolaus boosted their price objective on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target 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.