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

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $247.00.

GWRE has been the subject of a number of analyst reports. JMP Securities increased their price objective on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th.

Guidewire Software Trading Down 0.6%

Shares of GWRE stock opened at $246.75 on Thursday. The stock has a market capitalization of $20.77 billion, a PE ratio of 616.88, a P/E/G ratio of 24.38 and a beta of 1.15. Guidewire Software has a 1-year low of $132.01 and a 1-year high of $263.20. The business has a 50-day moving average of $215.72 and a 200 day moving average of $198.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results 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. The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts anticipate that Guidewire Software will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other Guidewire Software news, Director Michael C. Keller sold 860 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $254.53, for a total transaction of $218,895.80. Following the completion of the transaction, the director now owns 11,410 shares of the company's stock, valued at approximately $2,904,187.30. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,160 shares of company stock worth $3,482,079 over the last three months. Company insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Guidewire Software during the first quarter valued at $25,000. Quarry LP purchased a new position in Guidewire Software during the first quarter valued at $28,000. Rise Advisors LLC purchased a new position in Guidewire Software during the first quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter.

Guidewire Software Company Profile

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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