Guidewire Software (NYSE:GWRE) Insider Sells $219,997.76 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction of $219,997.76. Following the sale, the insider owned 30,018 shares of the company’s stock, valued at approximately $3,921,551.52. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, James Winston King sold 999 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $118,621.26.

Guidewire Software Trading Up 1.0%

NYSE:GWRE traded up $1.40 during midday trading on Friday, reaching $136.45. 1,136,677 shares of the stock traded hands, compared to its average volume of 1,746,988. The stock has a market capitalization of $11.36 billion, a P/E ratio of 73.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The company has a fifty day moving average of $131.21 and a 200 day moving average of $145.94. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. On average, research analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Analyst Ratings Changes

GWRE has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Stifel Nicolaus reduced their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. Oppenheimer decreased their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Finally, Wells Fargo & Company lowered their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $221.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Measured Wealth Private Client Group LLC purchased a new stake in Guidewire Software during the 3rd quarter valued at $29,000. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software in the 1st quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Guidewire Software in the 4th quarter worth $36,000. Leonteq Securities AG bought a new stake in shares of Guidewire Software in the first quarter worth $36,000. Finally, Bogart Wealth LLC increased its position in Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.