Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $547,653.30 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James Winston King sold 2,482 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the sale, the insider directly owned 37,441 shares in the company, valued at approximately $8,261,356.65. This trade represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guidewire Software Stock Performance

NYSE GWRE traded down $1.03 during trading hours on Wednesday, hitting $219.93. 95,758 shares of the company's stock traded hands, compared to its average volume of 966,422. The business's fifty day moving average price is $228.80 and its two-hundred day moving average price is $205.28. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $18.52 billion, a P/E ratio of 551.08, a P/E/G ratio of 19.70 and a beta of 1.16. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Oppenheimer lifted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $248.31.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its position in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Guidewire Software during the first quarter valued at $25,000. Quarry LP purchased a new stake in Guidewire Software during the first quarter valued at $28,000. Ossiam purchased a new stake in Guidewire Software during the fourth quarter valued at $29,000. Finally, Rise Advisors LLC purchased a new stake in Guidewire Software during the first quarter valued at $31,000.

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.