Guidewire Software Inc (NYSE:GWRE) insider Priscilla Hung sold 3,179 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $58.42, for a total value of $185,717.18. Following the transaction, the insider now owns 3,179 shares in the company, valued at approximately $185,717.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Priscilla Hung also recently made the following trade(s):

  • On Monday, September 19th, Priscilla Hung sold 3,342 shares of Guidewire Software stock. The shares were sold at an average price of $59.53, for a total value of $198,949.26.
  • On Tuesday, September 13th, Priscilla Hung sold 970 shares of Guidewire Software stock. The shares were sold at an average price of $61.52, for a total value of $59,674.40.
  • On Monday, August 15th, Priscilla Hung sold 969 shares of Guidewire Software stock. The stock was sold at an average price of $62.05, for a total value of $60,126.45.
  • On Wednesday, July 13th, Priscilla Hung sold 968 shares of Guidewire Software stock. The stock was sold at an average price of $64.00, for a total value of $61,952.00.
  • On Thursday, June 23rd, Priscilla Hung sold 209 shares of Guidewire Software stock. The stock was sold at an average price of $61.77, for a total value of $12,909.93.

Guidewire Software Inc (NYSE:GWRE) traded up 0.16% during trading on Wednesday, reaching $58.09. The company had a trading volume of 393,850 shares. The stock has a 50 day moving average of $61.52 and a 200-day moving average of $58.76. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78. The stock has a market capitalization of $4.24 billion and a P/E ratio of 290.45.

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Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. During the same period in the prior year, the firm posted $0.35 earnings per share. Guidewire Software’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts forecast that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock valued at $232,425,000 after buying an additional 1,304,174 shares in the last quarter. Geode Capital Management LLC raised its position in Guidewire Software by 8.5% in the first quarter. Geode Capital Management LLC now owns 474,215 shares of the company’s stock valued at $25,835,000 after buying an additional 37,249 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Guidewire Software by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 658,463 shares of the company’s stock valued at $35,873,000 after buying an additional 153,049 shares in the last quarter. UBS Group AG raised its position in Guidewire Software by 45.8% in the first quarter. UBS Group AG now owns 21,095 shares of the company’s stock valued at $1,150,000 after buying an additional 6,622 shares in the last quarter. Finally, State Street Corp raised its position in Guidewire Software by 2.7% in the first quarter. State Street Corp now owns 1,273,842 shares of the company’s stock valued at $69,403,000 after buying an additional 33,481 shares in the last quarter.

GWRE has been the topic of a number of research analyst reports. Piper Jaffray Cos. upped their target price on Guidewire Software to $70.00 in a report on Thursday, June 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a report on Monday, August 1st. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, July 11th. Citigroup Inc. upped their target price on Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, June 2nd. Finally, TheStreet upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Guidewire Software has a consensus rating of “Buy” and an average price target of $71.14.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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