DA Davidson Reiterates Neutral Rating for Guidewire Software (NYSE:GWRE)

Guidewire Software (NYSE:GWRE)‘s stock had its “neutral” rating reiterated by equities researchers at DA Davidson in a report released on Monday,Benzinga reports. They presently have a $250.00 price objective on the technology company’s stock. DA Davidson’s price target points to a potential upside of 16.50% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Robert W. Baird lifted their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Oppenheimer upped their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.00.

Guidewire Software Trading Up 1.1%

Guidewire Software stock opened at $214.59 on Monday. Guidewire Software has a one year low of $165.08 and a one year high of $272.60. The company’s fifty day moving average price is $229.52 and its two-hundred day moving average price is $229.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 268.23, a PEG ratio of 14.73 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.22. The company had revenue of $356.57 million during the quarter, compared to the consensus estimate of $337.82 million. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The firm’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. On average, analysts forecast that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $213.44, for a total value of $640,320.00. Following the completion of the transaction, the president directly owned 149,958 shares of the company’s stock, valued at $32,007,035.52. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 798 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $222.54, for a total value of $177,586.92. Following the transaction, the insider owned 37,019 shares of the company’s stock, valued at $8,238,208.26. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 112,342 shares of company stock valued at $27,113,960 over the last three months. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in shares of Guidewire Software by 4.6% in the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares in the last quarter. Earned Wealth Advisors LLC increased its stake in shares of Guidewire Software by 5.4% in the 3rd quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after buying an additional 51 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Guidewire Software by 9.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after buying an additional 53 shares during the period. PDS Planning Inc raised its position in shares of Guidewire Software by 6.4% during the third quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock worth $209,000 after acquiring an additional 55 shares during the last quarter. Finally, American Trust lifted its stake in shares of Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after acquiring an additional 61 shares during the period.

Guidewire Software Company Profile

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.