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

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

Guidewire Software Trading Up 1.3 %

NYSE:GWRE opened at $174.62 on Friday. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $174.68. The company has a market cap of $14.43 billion, a PE ratio of -1,343.23 and a beta of 1.18. The company’s 50 day moving average is $150.42 and its two-hundred day moving average is $131.29.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Allspring Global Investments Holdings LLC boosted its stake in shares of Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after buying an additional 79 shares during the last quarter. Partners Capital Investment Group LLP boosted its position in Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares during the period. CHICAGO TRUST Co NA increased its holdings in shares of Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after purchasing an additional 130 shares in the last quarter. Finally, Legacy Advisors LLC lifted its stake in shares of Guidewire Software by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after purchasing an additional 135 shares during the period.

Analysts Set New Price Targets

A number of analysts have weighed in on GWRE shares. Robert W. Baird upped their target price on Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.69.

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.