Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 3,110 Shares

Guidewire Software, Inc. (NYSE:GWREGet Rating) insider James Winston King sold 3,110 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $195,370.20. Following the completion of the sale, the insider now directly owns 43,907 shares of the company’s stock, valued at approximately $2,758,237.74. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, June 21st, James Winston King sold 1,166 shares of Guidewire Software stock. The stock was sold at an average price of $73.13, for a total value of $85,269.58.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $63.20 on Tuesday. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.24. Guidewire Software, Inc. has a twelve month low of $62.06 and a twelve month high of $128.98. The business has a 50-day moving average price of $73.94 and a 200 day moving average price of $79.96. The firm has a market cap of $5.30 billion, a PE ratio of -29.12 and a beta of 1.31.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Guidewire Software had a negative return on equity of 10.02% and a negative net margin of 22.20%. The company had revenue of $244.60 million during the quarter, compared to analyst estimates of $229.63 million. During the same period in the previous year, the business earned $0.06 EPS. Guidewire Software’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that Guidewire Software, Inc. will post -1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GWRE shares. Stifel Nicolaus lowered their price objective on Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. Oppenheimer reissued an “initiates” rating on shares of Guidewire Software in a research report on Wednesday, July 27th. Wells Fargo & Company lowered their price target on Guidewire Software from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Wednesday, September 7th. Royal Bank of Canada lowered their price target on Guidewire Software from $125.00 to $100.00 in a research report on Wednesday, September 7th. Finally, Citigroup lowered their price target on Guidewire Software from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $93.60.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of GWRE. Van ECK Associates Corp increased its stake in Guidewire Software by 22.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,135,539 shares of the technology company’s stock worth $151,602,000 after buying an additional 398,155 shares in the last quarter. Jarislowsky Fraser Ltd boosted its holdings in shares of Guidewire Software by 33.1% during the 1st quarter. Jarislowsky Fraser Ltd now owns 1,376,447 shares of the technology company’s stock worth $130,239,000 after purchasing an additional 342,391 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in shares of Guidewire Software by 32.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,399,871 shares of the technology company’s stock worth $99,377,000 after purchasing an additional 341,273 shares during the last quarter. Route One Investment Company L.P. boosted its holdings in shares of Guidewire Software by 14.6% during the 1st quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock worth $212,491,000 after purchasing an additional 286,750 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Guidewire Software during the 1st quarter worth approximately $21,836,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

About Guidewire Software

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Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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