Guidewire Software’s (GWRE) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Guidewire Software (NYSE:GWRE) in a research report sent to investors on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a $290.00 target price on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. JMP Securities boosted their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 4th. DA Davidson reaffirmed a “neutral” rating and issued a $226.00 target price on shares of Guidewire Software in a research report on Wednesday, June 4th. Bank of America raised their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 4th. Stifel Nicolaus raised their target price on Guidewire Software from $230.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised Guidewire Software from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.31.

Guidewire Software Stock Performance

Shares of GWRE opened at $235.83 on Monday. The company has a market capitalization of $19.85 billion, a PE ratio of 589.58, a price-to-earnings-growth ratio of 23.32 and a beta of 1.15. Guidewire Software has a one year low of $132.01 and a one year high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company’s fifty day moving average price is $220.49 and its 200 day moving average price is $199.66.

Guidewire Software (NYSE:GWRE) last announced 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. The firm had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. As a group, analysts expect that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now directly owns 164,030 shares of the company’s stock, valued at approximately $30,829,438.50. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Keller sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the sale, the director now directly owns 10,410 shares in the company, valued at $2,472,687.30. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,160 shares of company stock valued at $3,779,767 over the last quarter. 0.48% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock worth $25,000 after purchasing an additional 105 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the first quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Guidewire Software during the first quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in shares of Guidewire Software during the first quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 in 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.