DA Davidson Reaffirms "Neutral" Rating for Guidewire Software (NYSE:GWRE)

Guidewire Software (NYSE:GWRE - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $226.00 price target on the technology company's stock. DA Davidson's price objective would indicate a potential downside of 11.70% from the company's previous close.

GWRE has been the subject of a number of other reports. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Wednesday. Royal Bank of Canada upped their price objective on Guidewire Software from $230.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Bank of America raised their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday. Finally, Oppenheimer raised their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Stock Performance

Shares of GWRE traded up $1.95 during trading hours on Wednesday, reaching $255.93. 1,585,412 shares of the company traded hands, compared to its average volume of 943,000. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock's fifty day moving average is $201.77 and its 200 day moving average is $194.70. Guidewire Software has a 1-year low of $126.54 and a 1-year high of $263.20. The stock has a market cap of $21.47 billion, a P/E ratio of 710.92, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter last year, the company earned $0.26 EPS. Guidewire Software's revenue was up 22.0% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $212.02, for a total transaction of $296,828.00. Following the transaction, the chief executive officer now directly owns 248,793 shares of the company's stock, valued at $52,749,091.86. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 6,116 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,671 shares of company stock worth $5,471,104 in the last three months. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in Guidewire Software during the first quarter worth about $1,546,000. Strs Ohio purchased a new stake in Guidewire Software during the first quarter worth about $1,336,000. Advisors Capital Management LLC increased its holdings in Guidewire Software by 3.8% during the first quarter. Advisors Capital Management LLC now owns 43,253 shares of the technology company's stock worth $8,104,000 after buying an additional 1,599 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Guidewire Software by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 301,940 shares of the technology company's stock worth $56,571,000 after buying an additional 24,287 shares during the last quarter. Finally, Vancity Investment Management Ltd purchased a new stake in Guidewire Software during the first quarter worth about $1,066,000.

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.