Guidewire Software (NYSE:GWRE) Sets New 1-Year High at $125.08

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $125.08 and last traded at $124.67, with a volume of 66143 shares. The stock had previously closed at $124.87.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GWRE. DA Davidson reaffirmed a "buy" rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Raymond James assumed coverage on Guidewire Software in a report on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price objective on the stock. Finally, Oppenheimer boosted their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.11.

Guidewire Software Trading Down 1.2 %

The business's 50-day moving average price is $114.63 and its 200 day moving average price is $110.27. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of -198.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analysts' expectations of $240.93 million. On average, equities analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the company's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares of the company's stock, valued at $27,420,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now owns 149,397 shares of the company's stock, valued at $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Insiders have sold 10,785 shares of company stock worth $1,220,087 in the last three months. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in Guidewire Software by 61.7% during the 1st quarter. Comerica Bank now owns 25,024 shares of the technology company's stock worth $2,921,000 after buying an additional 9,546 shares during the last quarter. Motley Fool Asset Management LLC bought a new position in shares of Guidewire Software during the first quarter worth about $3,826,000. Vancity Investment Management Ltd increased its holdings in shares of Guidewire Software by 15.1% in the 1st quarter. Vancity Investment Management Ltd now owns 10,808 shares of the technology company's stock worth $1,261,000 after acquiring an additional 1,417 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Guidewire Software by 1.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company's stock valued at $73,566,000 after purchasing an additional 8,995 shares during the period. Finally, BRX Global LP grew its position in Guidewire Software by 31.7% in the 1st quarter. BRX Global LP now owns 216,552 shares of the technology company's stock worth $25,274,000 after purchasing an additional 52,163 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.