Guidewire Software, Inc. (NYSE:GWRE) Given Average Rating of “Moderate Buy” by Analysts

Guidewire Software, Inc. (NYSE:GWRE) has received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $206.08.

GWRE has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th.

Insider Activity

In related news, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now owns 12,270 shares of the company’s stock, valued at approximately $2,270,318.10. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $189.44, for a total value of $265,216.00. Following the completion of the transaction, the chief executive officer now directly owns 255,793 shares in the company, valued at approximately $48,457,425.92. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,371 shares of company stock worth $6,856,503 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently made changes to their positions in GWRE. Atomi Financial Group Inc. lifted its stake in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after acquiring an additional 488 shares during the last quarter. Donoghue Forlines LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at $2,110,000. GDS Wealth Management lifted its stake in shares of Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Banco Santander S.A. bought a new stake in Guidewire Software in the fourth quarter worth $427,000. Finally, Amica Mutual Insurance Co. increased its position in Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company’s stock worth $1,191,000 after buying an additional 3,835 shares during the last quarter.

Guidewire Software Stock Up 2.8 %

GWRE stock opened at $205.16 on Wednesday. The firm’s 50-day moving average is $190.02 and its two-hundred day moving average is $190.47. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 569.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software has a 52 week low of $107.65 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. On average, analysts forecast that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

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.