Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 1,051 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,051 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 15th, James Winston King sold 270 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60.
• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42.

Guidewire Software Trading Up 2.7 %

Shares of NYSE GWRE traded up $5.20 during midday trading on Wednesday, reaching $196.55. The stock had a trading volume of 947,904 shares, compared to its average volume of 861,708. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 545.96, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company’s 50 day moving average price is $196.62 and its 200 day moving average price is $186.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on GWRE. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the 4th quarter worth about $25,000. Ossiam bought a new stake in shares of Guidewire Software during the fourth quarter valued at about $29,000. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth approximately $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $34,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.