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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $249.8462.

A number of brokerages have issued reports on GWRE. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Royal Bank Of Canada lowered their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Oppenheimer cut their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, Zacks Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th.

Insider Buying and Selling

In other news, President John P. Mullen sold 6,576 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total transaction of $1,077,543.36. Following the completion of the transaction, the president owned 135,407 shares of the company’s stock, valued at approximately $22,187,791.02. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David Franklin Peterson sold 273 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total transaction of $44,733.78. Following the transaction, the chief accounting officer owned 12,533 shares of the company’s stock, valued at $2,053,657.38. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,895 shares of company stock valued at $5,201,172 in the last three months. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Guidewire Software by 59.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,709 shares of the technology company’s stock valued at $2,756,000 after purchasing an additional 5,104 shares during the period. DUTCH ASSET Corp bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $570,000. Corient Private Wealth LLC boosted its position in shares of Guidewire Software by 36.9% during the fourth quarter. Corient Private Wealth LLC now owns 10,820 shares of the technology company’s stock worth $2,177,000 after buying an additional 2,915 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Guidewire Software by 471.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the technology company’s stock worth $100,000 after buying an additional 410 shares during the period. Finally, MidFirst Bank bought a new position in Guidewire Software in the 4th quarter worth approximately $212,000.

Guidewire Software Stock Down 0.3%

Shares of NYSE:GWRE opened at $155.55 on Friday. The company’s fifty day moving average is $148.12 and its two-hundred day moving average is $197.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software has a 1-year low of $120.37 and a 1-year high of $272.60. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 70.71, a price-to-earnings-growth ratio of 7.07 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Equities analysts anticipate that Guidewire Software will post 0.52 EPS for the current year.

Guidewire Software announced that its Board of Directors has authorized a stock buyback program on Thursday, January 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Guidewire Software Company Profile

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.