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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $221.3636.

Several equities research analysts recently commented on GWRE shares. Royal Bank Of Canada dropped their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. DA Davidson decreased their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Citizens Jmp decreased their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Finally, Wells Fargo & Company decreased their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 4,292 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president owned 131,115 shares in the company, valued at approximately $15,568,595.10. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20. Following the completion of the transaction, the chief executive officer owned 199,776 shares in the company, valued at approximately $23,721,402.24. This trade represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 29,709 shares of company stock worth $3,740,332. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd grew its position in Guidewire Software by 901.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company’s stock worth $2,094,000 after buying an additional 8,200 shares during the last quarter. Comerica Bank grew its position in Guidewire Software by 52.0% during the 4th quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after purchasing an additional 26,912 shares in the last quarter. BDF Gestion purchased a new position in Guidewire Software during the 4th quarter worth approximately $1,803,000. American Century Companies Inc. grew its position in Guidewire Software by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 520,390 shares of the technology company’s stock worth $119,617,000 after purchasing an additional 17,104 shares in the last quarter. Finally, Fieldview Capital Management LLC purchased a new position in Guidewire Software during the 3rd quarter worth approximately $2,862,000.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $121.10 on Monday. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $272.60. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 65.46 and a beta of 0.93. The stock’s 50 day moving average price is $132.62 and its 200 day moving average price is $150.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts anticipate that Guidewire Software will post 1.83 earnings per share for the current fiscal year.

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.