Guidewire Software, Inc. (NYSE:GWRE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $221.00.

Several analysts have commented on the stock. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Guggenheim started coverage on shares of Guidewire Software in a research note on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price objective for the company. Oppenheimer decreased their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Citizens Jmp lowered their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Finally, Wells Fargo & Company cut their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th.

Guidewire Software Stock Down 8.1%

GWRE opened at $153.72 on Friday. The company has a market capitalization of $12.80 billion, a PE ratio of 83.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The business has a 50-day moving average of $134.40 and a 200-day moving average of $140.58.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President John P. Mullen sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president directly owned 131,115 shares of the company’s stock, valued at approximately $15,568,595.10. This trade represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the sale, the chief financial officer owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 30,193 shares of company stock worth $3,797,922. Insiders own 0.46% of the company’s stock.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter valued at $25,000. Amundi lifted its position in Guidewire Software by 703.0% during the 2nd quarter. Amundi now owns 36,093 shares of the technology company’s stock worth $8,220,000 after acquiring an additional 31,598 shares during the last quarter. Jump Financial LLC acquired a new position in Guidewire Software during the 2nd quarter worth $305,000. Bank of Nova Scotia boosted its holdings in Guidewire Software by 30.9% during the second quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock valued at $477,000 after acquiring an additional 478 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Guidewire Software by 30.6% during the second quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock valued at $1,156,000 after acquiring an additional 1,152 shares during the period.

Guidewire Software Company Profile

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.