Guidewire Software, Inc. (NYSE:GWRE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $206.08.

GWRE has been the topic of several recent analyst reports. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $5.00 during trading hours on Wednesday, hitting $209.61. 381,410 shares of the company's stock traded hands, compared to its average volume of 916,983. The company's fifty day simple moving average is $190.29 and its two-hundred day simple moving average is $190.83. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 582.25, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software has a 52 week low of $107.65 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, equities analysts anticipate that Guidewire Software will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the sale, the president now owns 174,746 shares of the company's stock, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,771 shares of company stock valued at $7,134,011. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Guidewire Software during the 1st quarter worth about $85,453,000. Arrowstreet Capital Limited Partnership boosted its stake in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after purchasing an additional 418,642 shares during the period. Janus Henderson Group PLC boosted its stake in Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after purchasing an additional 393,445 shares during the period. Finally, Rathbones Group PLC acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $58,118,000.

About Guidewire Software

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.