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

Guidewire Software, Inc. (NYSE:GWRE) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $221.00.

GWRE has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company 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 note on Friday, June 5th. JPMorgan Chase & Co. decreased their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Finally, Oppenheimer cut their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CAO David Franklin Peterson sold 246 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 $29,210.04. Following the completion of the sale, the chief accounting officer directly owned 12,287 shares of the company’s stock, valued at approximately $1,458,958.38. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, President John P. Mullen sold 4,292 shares of the business’s stock in a transaction 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 completion of the transaction, the president owned 131,115 shares of the company’s stock, valued at $15,568,595.10. This trade represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 30,193 shares of company stock worth $3,792,858 in the last three months. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the 3rd quarter worth about $29,000. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the 1st quarter valued at about $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth about $36,000. Leonteq Securities AG purchased a new position in shares of Guidewire Software during the 1st quarter worth about $36,000. Finally, Bogart Wealth LLC boosted its position in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after acquiring an additional 138 shares during the last quarter.

Guidewire Software Stock Performance

Guidewire Software stock opened at $131.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a fifty day moving average of $132.71 and a two-hundred day moving average of $141.71. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 70.99 and a beta of 0.95. Guidewire Software has a fifty-two week low of $102.30 and a fifty-two week high of $272.60.

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