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

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $207.42.

GWRE has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. DA Davidson lowered Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price target on the stock. in a research note on Thursday, May 22nd. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th.

Guidewire Software Price Performance

NYSE:GWRE traded down $0.63 during trading hours on Friday, hitting $209.31. The company's stock had a trading volume of 1,247,124 shares, compared to its average volume of 933,340. The stock has a fifty day simple moving average of $198.24 and a 200-day simple moving average of $193.54. The company has a market capitalization of $17.56 billion, a P/E ratio of 581.42, a PEG ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software has a twelve month low of $107.65 and a twelve month high of $219.59.

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

Insider Transactions at Guidewire Software

In other Guidewire Software news, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the completion of the sale, the director now directly owns 12,270 shares in the company, valued at approximately $2,270,318.10. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $284,382.00. Following the completion of the sale, the chief executive officer now owns 270,530 shares of the company's stock, valued at approximately $54,952,758.90. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,971 shares of company stock worth $5,925,857 over the last ninety days. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. increased its holdings in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after purchasing an additional 488 shares in the last quarter. GDS Wealth Management increased its holdings in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Banco Santander S.A. bought a new stake in Guidewire Software in the fourth quarter worth approximately $427,000. MGO One Seven LLC bought a new stake in Guidewire Software in the fourth quarter worth approximately $222,000. Finally, Amica Mutual Insurance Co. increased its holdings in Guidewire Software by 118.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock worth $1,191,000 after purchasing an additional 3,835 shares in 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.