Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 2,306 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $59.53, for a total value of $137,276.18. Following the sale, the general counsel now owns 3,638 shares in the company, valued at $216,570.14. The sale was disclosed in a 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 Tuesday, September 20th, James Winston King sold 3,638 shares of Guidewire Software stock. The shares were sold at an average price of $58.43, for a total value of $212,568.34.
  • On Tuesday, September 13th, James Winston King sold 564 shares of Guidewire Software stock. The shares were sold at an average price of $61.45, for a total value of $34,657.80.
  • 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 value of $34,872.10.
  • On Wednesday, July 13th, James Winston King sold 561 shares of Guidewire Software stock. The stock was sold at an average price of $64.00, for a total value of $35,904.00.

Shares of Guidewire Software Inc (NYSE:GWRE) opened at 58.09 on Thursday. The firm has a 50-day moving average price of $61.52 and a 200 day moving average price of $58.76. The company has a market cap of $4.24 billion and a P/E ratio of 290.45. Guidewire Software Inc has a 12 month low of $42.32 and a 12 month high of $64.78.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to the consensus estimate of $136.09 million. During the same period last year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Guidewire Software Inc will post $0.76 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in Guidewire Software during the second quarter valued at approximately $124,000. Bank of Montreal Can bought a new position in Guidewire Software during the second quarter valued at approximately $159,000. Societe Generale bought a new position in Guidewire Software during the second quarter valued at approximately $200,000. Murphy Capital Management Inc. bought a new position in Guidewire Software during the second quarter valued at approximately $228,000. Finally, Calvert Investment Management Inc. bought a new position in Guidewire Software during the second quarter valued at approximately $235,000.

Several research analysts have recently commented on GWRE shares. Bank of America Corp. lowered Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a report on Friday, September 16th. They noted that the move was a valuation call. Piper Jaffray Cos. boosted their price objective on Guidewire Software to $70.00 in a report on Thursday, June 2nd. Deutsche Bank AG boosted their price objective on Guidewire Software from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, June 2nd. JMP Securities reissued a “hold” rating on shares of Guidewire Software in a report on Thursday, September 8th. Finally, Citigroup Inc. boosted their price objective on Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.14.

Guidewire Software Company Profile

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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