Guidewire Software (NYSE:GWRE) Given Hold Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Guidewire Software (NYSE:GWRE - Free Report) in a research report sent to investors on Wednesday morning,Benzinga reports.

A number of other research firms have also issued reports on GWRE. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, DA Davidson downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective on the stock. in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $1.95 on Wednesday, hitting $255.93. 1,585,412 shares of the stock traded hands, compared to its average volume of 952,668. The company'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 $117.69 and a 1-year high of $263.20. The company has a market capitalization of $21.47 billion, a PE ratio of 710.92, 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 (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, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm's revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,051 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now directly owns 44,613 shares of the company's stock, valued at $8,450,148.33. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,671 shares of company stock worth $5,471,104 over the last three months. Company insiders own 0.48% of the company's stock.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its stake in Guidewire Software by 403.8% in the 1st 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. acquired a new position in shares of Guidewire Software during the 1st quarter worth approximately $25,000. Quarry LP bought a new stake in Guidewire Software in the 1st quarter valued at $28,000. Rise Advisors LLC bought a new stake in Guidewire Software in the 1st quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Guidewire Software by 70.0% during the first 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 period.

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.