Guidewire Software, Inc. (NYSE:GWRE) Receives Average Rating of “Moderate Buy” from Brokerages

Guidewire Software, Inc. (NYSE:GWRE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $251.50.

GWRE has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $200.00 target price on shares of Guidewire Software in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $246.00 target price on shares of Guidewire Software in a research report on Tuesday. Wells Fargo & Company cut their target price on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada cut their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Finally, Oppenheimer cut their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th.

Guidewire Software Trading Down 4.4%

Shares of Guidewire Software stock opened at $155.64 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software has a 52 week low of $115.57 and a 52 week high of $272.60. The stock has a 50 day moving average price of $140.32 and a two-hundred day moving average price of $161.58. The stock has a market capitalization of $13.18 billion, a PE ratio of 70.74 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $342.88 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, equities analysts anticipate that Guidewire Software will post 1.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $158.92, for a total value of $190,704.00. Following the sale, the chief executive officer directly owned 208,006 shares in the company, valued at $33,056,313.52. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,679 shares of company stock worth $5,214,878 in the last 90 days. Company insiders own 0.46% of the company’s stock.

Institutional Trading of Guidewire Software

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Guidewire Software by 1.3% during the third quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after buying an additional 116,726 shares in the last quarter. Geode Capital Management LLC grew its position in Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after buying an additional 145,924 shares in the last quarter. Stockbridge Partners LLC grew its position in Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after buying an additional 405,850 shares in the last quarter. AQR Capital Management LLC grew its position in Guidewire Software by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock worth $264,693,000 after buying an additional 45,289 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after buying an additional 997,992 shares in the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.