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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $115.11.

A number of research analysts recently commented on GWRE shares. Robert W. Baird increased their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James initiated coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective for the company. Oppenheimer raised their target price on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th.

Guidewire Software Price Performance

GWRE stock opened at $107.61 on Friday. The company has a market capitalization of $8.86 billion, a PE ratio of -173.56 and a beta of 1.15. The company’s fifty day moving average price is $115.37 and its 200-day moving average price is $105.86. Guidewire Software has a one year low of $68.45 and a one year high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate 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 business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. On average, equities analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John P. Mullen sold 3,665 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,435 shares of company stock worth $1,053,821. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the business. Partners Capital Investment Group LLP increased its stake in Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after buying an additional 99 shares in the last quarter. Greenwich Wealth Management LLC raised its stake in Guidewire Software by 0.3% in the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after purchasing an additional 101 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after purchasing an additional 142 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Guidewire Software by 28.1% during the fourth quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock worth $44,000 after buying an additional 155 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.