Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 564 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $61.45, for a total transaction of $34,657.80. Following the completion of the transaction, the general counsel now owns 104 shares in the company, valued at approximately $6,390.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 15th, James Winston King sold 562 shares of Guidewire Software stock. The shares were sold at an average price of $62.05, for a total transaction of $34,872.10.
  • On Wednesday, July 13th, James Winston King sold 561 shares of Guidewire Software stock. The shares were sold at an average price of $64.00, for a total transaction of $35,904.00.
  • On Monday, June 20th, James Winston King sold 2,752 shares of Guidewire Software stock. The shares were sold at an average price of $59.58, for a total transaction of $163,964.16.

Shares of Guidewire Software Inc (NYSE:GWRE) opened at 58.86 on Tuesday. Guidewire Software Inc has a 52-week low of $42.32 and a 52-week high of $64.78. The company has a market capitalization of $4.28 billion and a P/E ratio of 294.30. The stock’s 50 day moving average is $61.71 and its 200 day moving average is $58.73.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $141.18 million for the quarter, compared to analysts’ expectations of $136.09 million. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts expect that Guidewire Software Inc will post $0.76 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its stake in Guidewire Software by 1.2% in the second quarter. Stifel Financial Corp now owns 5,044 shares of the company’s stock worth $312,000 after buying an additional 58 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Guidewire Software by 0.3% in the second quarter. TD Asset Management Inc. now owns 29,400 shares of the company’s stock worth $1,816,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Guidewire Software by 1.9% in the first quarter. Envestnet Asset Management Inc. now owns 9,845 shares of the company’s stock worth $536,000 after buying an additional 188 shares in the last quarter. Zacks Investment Management raised its stake in shares of Guidewire Software by 1.8% in the second quarter. Zacks Investment Management now owns 22,515 shares of the company’s stock worth $1,391,000 after buying an additional 401 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Guidewire Software by 8.3% in the first quarter. Prudential Financial Inc. now owns 7,495 shares of the company’s stock worth $408,000 after buying an additional 575 shares in the last quarter.

Several research firms recently issued reports on GWRE. Bank of America Corp. lowered shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Friday. They noted that the move was a valuation call. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Thursday, September 8th. TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.14.

About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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