Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 3,638 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $58.43, for a total value of $212,568.34. Following the completion of the transaction, the general counsel now directly owns 3,638 shares in the company, valued at approximately $212,568.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, September 19th, James Winston King sold 2,306 shares of Guidewire Software stock. The shares were sold at an average price of $59.53, for a total value of $137,276.18.
  • On Tuesday, September 13th, James Winston King sold 564 shares of Guidewire Software stock. The shares were sold at an average price of $61.45, for a total value of $34,657.80.
  • On Monday, August 15th, James Winston King sold 562 shares of Guidewire Software stock. The shares were sold at an average price of $62.05, for a total value of $34,872.10.
  • On Wednesday, July 13th, James Winston King sold 561 shares of Guidewire Software stock. The shares were sold at an average price of $64.00, for a total value of $35,904.00.

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

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Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to analyst estimates of $136.09 million. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, equities research analysts predict that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in GWRE. Wellington Management Group LLP raised its stake in shares of 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 last quarter. Brown Capital Management LLC raised its stake in shares of Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock valued at $154,756,000 after buying an additional 340,121 shares during the last quarter. Norges Bank acquired a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $19,471,000. Fiera Capital Corp acquired a new stake in shares of Guidewire Software during the second quarter valued at approximately $19,645,000. Finally, Artisan Partners Limited Partnership raised its stake in shares of Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock valued at $314,944,000 after buying an additional 267,520 shares during the last quarter.

GWRE has been the topic of several recent analyst reports. Bank of America Corp. cut Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a report on Friday, September 16th. They noted that the move was a valuation call. JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a report on Thursday, September 8th. TheStreet upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Zacks Investment Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 8th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $71.14.

About Guidewire Software

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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