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

Key Points

• Thirteen research firms have rated Guidewire Software, Inc. with an average recommendation of "Moderate Buy", with nine firms issuing buy ratings and one firm giving it a sell rating.
• The average 12-month price target for Guidewire Software among analysts is $258.08, with notable price targets ranging from $160 to $290.
• Guidewire Software reported a revenue of $293.51 million in its last quarterly earnings, surpassing analysts' expectations and achieving a 22% year-over-year growth.

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $258.0833.

Several equities research analysts have recently weighed in on GWRE shares. DA Davidson reissued a "neutral" rating and issued a $226.00 price objective on shares of Guidewire Software in a research report on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, Bank of America increased their price objective on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $214.70, for a total value of $300,580.00. Following the completion of the transaction, the chief executive officer directly owned 224,668 shares in the company, valued at approximately $48,236,219.60. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Winston King sold 799 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $211.61, for a total value of $169,076.39. Following the completion of the transaction, the insider owned 36,642 shares of the company's stock, valued at $7,753,813.62. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,541 shares of company stock valued at $6,037,939. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GWRE. Northern Trust Corp raised its stake in shares of Guidewire Software by 15.7% in the fourth quarter. Northern Trust Corp now owns 539,056 shares of the technology company's stock valued at $90,874,000 after purchasing an additional 73,187 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Guidewire Software in the fourth quarter valued at $3,456,000. Balyasny Asset Management L.P. raised its stake in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after purchasing an additional 329,863 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Guidewire Software by 98.5% in the fourth quarter. Baird Financial Group Inc. now owns 7,504 shares of the technology company's stock valued at $1,265,000 after purchasing an additional 3,723 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Guidewire Software in the fourth quarter valued at $520,000.

Guidewire Software Stock Down 0.6%

Shares of Guidewire Software stock opened at $217.37 on Tuesday. The stock has a market capitalization of $18.30 billion, a P/E ratio of 543.42, a PEG ratio of 15.30 and a beta of 1.22. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $222.11 and a two-hundred day moving average price of $211.59. Guidewire Software has a 12-month low of $142.94 and a 12-month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period in the prior year, the business earned $0.26 earnings per share. Guidewire Software's revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts expect that Guidewire Software will post 0.52 earnings per share for the current year.

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.

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