James Winston King Sells 1,051 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,051 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. 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 stock was 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 stock was sold at an average price of $174.43, for a total transaction of $138,497.42.

Guidewire Software Stock Down 1.5 %

GWRE stock opened at $193.25 on Friday. The company has a fifty day moving average price of $197.06 and a 200 day moving average price of $186.82. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the period. Stockbridge Partners LLC lifted its stake in shares of Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock worth $451,602,000 after acquiring an additional 205,382 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after acquiring an additional 291,774 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after acquiring an additional 12,697 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada boosted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.