James Winston King Sells 1,051 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James Winston King sold 1,051 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, James Winston King sold 270 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $47,190.60.
• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total transaction of $138,497.42.

Guidewire Software Stock Down 0.8 %

Shares of NYSE:GWRE traded down $1.62 during midday trading on Friday, hitting $191.84. 1,448,052 shares of the company's stock traded hands, compared to its average volume of 868,648. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a market cap of $16.09 billion, a PE ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm's fifty day moving average price is $197.47 and its two-hundred day moving average price is $187.41.

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Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after buying an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after buying an additional 393,445 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. boosted its stake in Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after buying an additional 329,863 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Royal Bank of Canada boosted their price target on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

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.