James Winston King Sells 1,684 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,684 shares of the firm’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 completion of the transaction, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. This represents 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 accessible through this link. 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 stock was sold at an average price of $118.74, for a total transaction of $118,621.26.

Guidewire Software Price Performance

GWRE traded down $0.80 during trading on Thursday, hitting $134.94. 1,033,808 shares of the stock traded hands, compared to its average volume of 1,673,566. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 72.94 and a beta of 0.95. The business has a 50 day moving average price of $131.34 and a 200 day moving average price of $146.47.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. Equities research analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC bought a new position in Guidewire Software during the 3rd quarter worth $29,000. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the first quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth approximately $36,000. Leonteq Securities AG bought a new stake in Guidewire Software in the first quarter valued at approximately $36,000. Finally, Bogart Wealth LLC increased its position in Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. DA Davidson reduced their price objective on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Stifel Nicolaus dropped their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada cut their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Oppenheimer reduced their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Citizens Jmp lowered their price objective on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.36.

Guidewire Software Company Profile

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.