Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 1,684 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider directly owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, James Winston King sold 999 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $118,621.26.

Guidewire Software Trading Down 0.6%

NYSE GWRE opened at $134.94 on Friday. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 72.94 and a beta of 0.95. The stock’s 50 day moving average price is $131.26 and its two-hundred day moving average price is $146.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60.

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

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently bought and sold shares of GWRE. IFP Advisors Inc lifted its position in shares of Guidewire Software by 4.6% in the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after buying an additional 49 shares during the last quarter. American Trust increased its holdings in shares of Guidewire Software by 3.9% during the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after acquiring an additional 61 shares during the last quarter. Vident Advisory LLC raised its stake in Guidewire Software by 1.7% in the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after acquiring an additional 70 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Guidewire Software by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock valued at $102,000 after purchasing an additional 78 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Guidewire Software by 0.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,897 shares of the technology company’s stock valued at $2,045,000 after purchasing an additional 79 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered 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 note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. Wells Fargo & Company dropped their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Oppenheimer reduced their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Finally, Royal Bank Of Canada decreased their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.36.

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.