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 the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Guidewire Software Stock Up 1.3 %

Shares of NYSE GWRE traded up $2.19 during midday trading on Thursday, hitting $174.62. The stock had a trading volume of 804,260 shares, compared to its average volume of 670,726. The business’s 50 day moving average is $149.67 and its 200-day moving average is $130.98. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $174.68. The company has a market cap of $14.43 billion, a P/E ratio of -1,319.23 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its 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 during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. Guidewire Software’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Royal Bank of Canada raised their target price on shares of Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Robert W. Baird boosted their price target on shares of Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

Institutional Trading of Guidewire Software

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Guidewire Software in the 4th quarter worth approximately $97,829,000. PNC Financial Services Group Inc. raised its position in Guidewire Software by 8.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the technology company’s stock worth $970,000 after acquiring an additional 678 shares during the period. Clearbridge Investments LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth $14,583,000. Corient Private Wealth LLC boosted its stake in shares of Guidewire Software by 126.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,912 shares of the technology company’s stock worth $972,000 after acquiring an additional 4,979 shares during the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Guidewire Software during the 4th quarter valued at $315,000.

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.