Guidewire Software Inc (NYSE:GWRE) insider Priscilla Hung sold 3,342 shares of Guidewire Software stock in a transaction on Monday, September 19th. The shares were sold at an average price of $59.53, for a total transaction of $198,949.26. Following the completion of the transaction, the insider now directly owns 3,179 shares of the company’s stock, valued at approximately $189,245.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, September 20th, Priscilla Hung sold 3,179 shares of Guidewire Software stock. The shares were sold at an average price of $58.42, for a total transaction of $185,717.18.
  • 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 transaction of $59,674.40.
  • On Monday, August 15th, Priscilla Hung sold 969 shares of Guidewire Software stock. The shares were sold at an average price of $62.05, for a total transaction of $60,126.45.
  • On Wednesday, July 13th, Priscilla Hung sold 968 shares of Guidewire Software stock. The shares were sold at an average price of $64.00, for a total transaction of $61,952.00.
  • On Thursday, June 23rd, Priscilla Hung sold 209 shares of Guidewire Software stock. The shares were sold at an average price of $61.77, for a total transaction of $12,909.93.

Shares of Guidewire Software Inc (NYSE:GWRE) traded up 0.16% during mid-day trading on Wednesday, reaching $58.09. 393,850 shares of the company traded hands. The company has a market capitalization of $4.24 billion and a P/E ratio of 290.45. The stock’s 50-day moving average is $61.52 and its 200-day moving average is $58.76. Guidewire Software Inc has a 52 week low of $42.32 and a 52 week high of $64.78.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/guidewire-software-inc-gwre-insider-sells-198949-26-in-stock.html

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, September 7th. The company reported $0.39 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 analyst estimates of $136.09 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake 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 during the period. Geode Capital Management LLC boosted its stake 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 during the period. Goldman Sachs Group Inc. boosted its stake 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 during the period. UBS Group AG boosted its stake 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 during the period. Finally, State Street Corp boosted its stake 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 during the period.

A number of research firms have weighed in on GWRE. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Wednesday, September 7th. Deutsche Bank AG reissued a “buy” rating on shares of Guidewire Software in a research note on Thursday, September 8th. TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Finally, JMP Securities reissued a “hold” rating on shares of Guidewire Software in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Guidewire Software presently has an average rating of “Buy” and a consensus target price 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.

5 Day Chart for NYSE:GWRE

Receive News & Ratings for Guidewire Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.