Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 860 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) Director Michael C. Keller sold 860 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $254.53, for a total value of $218,895.80. Following the completion of the sale, the director now directly owns 11,410 shares in the company, valued at $2,904,187.30. This represents a 7.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Guidewire Software Stock Down 2.2%

Guidewire Software stock traded down $5.56 during mid-day trading on Tuesday, hitting $248.04. The company's stock had a trading volume of 912,942 shares, compared to its average volume of 948,638. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The company has a market cap of $20.88 billion, a PE ratio of 620.10, a price-to-earnings-growth ratio of 24.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The firm's 50 day moving average is $214.56 and its 200 day moving average is $197.95.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $231.00 to $271.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada upped their price target on Guidewire Software from $230.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $247.00.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the first quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Guidewire Software during the 1st quarter worth $28,000. Ossiam bought a new position in shares of Guidewire Software during the 4th quarter valued at $29,000. Finally, Rise Advisors LLC acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $31,000.

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.

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