James Winston King Sells 4,514 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Guidewire Software Trading Down 0.1 %

Shares of Guidewire Software stock opened at $174.54 on Friday. The company has a 50-day moving average of $151.15 and a two-hundred day moving average of $131.67. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $176.00. The stock has a market cap of $14.43 billion, a PE ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alberta Investment Management Corp increased its holdings in Guidewire Software by 11.1% during the 4th quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after acquiring an additional 3,355 shares in the last quarter. Teca Partners LP lifted its stake in Guidewire Software by 31.1% in the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after buying an additional 46,453 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Guidewire Software during the 4th quarter valued at $204,000. Wasatch Advisors LP grew its holdings in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after buying an additional 115,600 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Guidewire Software during the first quarter worth $417,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GWRE shares. DA Davidson reissued a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Stifel Nicolaus boosted their target price on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Oppenheimer boosted their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Finally, Bank of America raised their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.69.

Guidewire Software Company Profile

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.