Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 1,860 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,860 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the sale, the insider owned 33,702 shares in the company, valued at approximately $6,571,890. The trade was a 5.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, December 16th, James Winston King sold 1,457 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total transaction of $279,860.56.
• On Monday, November 17th, James Winston King sold 798 shares of Guidewire Software stock. The shares were 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 transaction of $196,068.60.

Guidewire Software Stock Performance

Shares of GWRE traded up $3.53 during trading hours on Thursday, reaching $197.46. 996,907 shares of the company traded hands, compared to its average volume of 920,099. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The stock’s fifty day moving average is $223.17 and its 200 day moving average is $228.38. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60. The stock has a market cap of $16.79 billion, a P/E ratio of 188.06, a price-to-earnings-growth ratio of 12.68 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the subject of a number of recent research reports. Robert W. Baird upped their target price on Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $246.00 to $250.00 in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Institutional Trading of Guidewire Software

Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the first quarter valued at approximately $25,000. Quarry LP acquired a new stake in Guidewire Software during the 1st quarter valued at $28,000. Root Financial Partners LLC bought a new position in Guidewire Software in the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software in the third quarter worth $29,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software during the second quarter worth $30,000.

About Guidewire Software

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.