Insider Selling: Guidewire Software Inc (GWRE) General Counsel Sells 974 Shares of Stock
Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 974 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $67.19, for a total transaction of $65,443.06. Following the transaction, the general counsel now owns 2,174 shares of the company’s stock, valued at approximately $146,071.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
James Winston King also recently made the following trade(s):
- On Tuesday, June 20th, James Winston King sold 2,157 shares of Guidewire Software stock. The shares were sold at an average price of $66.91, for a total transaction of $144,324.87.
Guidewire Software Inc (GWRE) traded up 2.25% during midday trading on Wednesday, hitting $68.05. 434,924 shares of the company’s stock traded hands. The company has a 50 day moving average of $64.85 and a 200-day moving average of $57.63. The company has a market capitalization of $5.06 billion, a PE ratio of 496.72 and a beta of 1.28. Guidewire Software Inc has a 52 week low of $49.18 and a 52 week high of $70.30.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 1st. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. Guidewire Software had a negative net margin of 1.47% and a negative return on equity of 0.88%. The firm had revenue of $123.44 million for the quarter, compared to analysts’ expectations of $104.55 million. During the same period in the previous year, the business earned $0.14 earnings per share. Guidewire Software’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities research analysts predict that Guidewire Software Inc will post $0.85 earnings per share for the current year.
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A number of brokerages have recently issued reports on GWRE. J P Morgan Chase & Co began coverage on shares of Guidewire Software in a report on Tuesday, June 13th. They issued an “overweight” rating for the company. Stifel Nicolaus increased their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the company a “hold” rating in a report on Friday, June 2nd. Bank of America Corporation reiterated a “neutral” rating and issued a $74.00 price target (up previously from $68.00) on shares of Guidewire Software in a report on Saturday, June 3rd. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating in a report on Tuesday, June 13th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Guidewire Software presently has an average rating of “Buy” and an average target price of $73.29.
A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Guidewire Software during the fourth quarter valued at about $3,065,000. State Board of Administration of Florida Retirement System increased its stake in Guidewire Software by 12.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 63,117 shares of the technology company’s stock valued at $3,114,000 after buying an additional 6,839 shares during the last quarter. Cipher Capital LP bought a new stake in Guidewire Software during the fourth quarter valued at about $238,000. State Street Corp increased its stake in Guidewire Software by 1.9% in the fourth quarter. State Street Corp now owns 920,555 shares of the technology company’s stock valued at $45,408,000 after buying an additional 17,084 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Guidewire Software by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,611 shares of the technology company’s stock valued at $10,242,000 after buying an additional 1,837 shares during the last quarter.
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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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