Guidewire Software, Inc. (NYSE:GWRE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $271.2857.

A number of research firms have weighed in on GWRE. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Citizens Jmp restated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Citigroup lifted their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th.

Guidewire Software Stock Down 6.6%

NYSE:GWRE opened at $187.77 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. Guidewire Software has a 1-year low of $165.08 and a 1-year high of $272.60. The company has a 50-day moving average of $212.70 and a 200 day moving average of $224.45. The firm has a market cap of $15.96 billion, a PE ratio of 178.83, a price-to-earnings-growth ratio of 12.22 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. As a group, research analysts anticipate that Guidewire Software will post 0.52 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 6,015 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20. Following the completion of the sale, the chief executive officer owned 240,743 shares of the company’s stock, valued at $46,241,915.44. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,872 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $551,653.76. Following the transaction, the chief financial officer owned 74,201 shares in the company, valued at approximately $14,252,528.08. This trade represents a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,740 shares of company stock valued at $10,859,052 over the last three months. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in Guidewire Software by 4.6% during the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock worth $254,000 after purchasing an additional 49 shares during the period. Earned Wealth Advisors LLC raised its holdings in shares of Guidewire Software by 5.4% in the third 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 last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Guidewire Software by 9.3% during the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock worth $145,000 after buying an additional 53 shares during the period. PDS Planning Inc grew its holdings 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 buying an additional 55 shares during the last quarter. Finally, American Trust increased its position in Guidewire Software by 3.9% in the 3rd 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.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.