Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 1,051 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,051 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 15th, James Winston King sold 270 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60.
• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total transaction of $138,497.42.

Guidewire Software Stock Performance

GWRE opened at $191.84 on Friday. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31. The company has a fifty day moving average of $197.47 and a 200 day moving average of $187.12. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Wells Fargo & Company upped their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.08.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in Guidewire Software by 3.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,185 shares of the technology company’s stock valued at $7,449,000 after purchasing an additional 1,282 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in Guidewire Software during the fourth quarter valued at $210,000. Mackenzie Financial Corp bought a new position in Guidewire Software during the fourth quarter valued at $11,827,000. Forum Financial Management LP lifted its position in Guidewire Software by 31.6% during the fourth quarter. Forum Financial Management LP now owns 1,455 shares of the technology company’s stock valued at $245,000 after purchasing an additional 349 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth about $1,172,000.

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.