Guidewire Software, Inc. (NYSE:GWRE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Guidewire Software, Inc. (NYSE:GWRE) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $221.00.

GWRE has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Oppenheimer lowered their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th.

Insider Transactions at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 1,348 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the completion of the transaction, the chief financial officer directly owned 62,119 shares in the company, valued at approximately $6,564,114.73. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $142.31, for a total value of $170,772.00. Following the transaction, the chief executive officer directly owned 192,576 shares of the company’s stock, valued at approximately $27,405,490.56. This trade represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 30,193 shares of company stock worth $3,797,922. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in Guidewire Software by 8.2% during the second quarter. Wasatch Advisors LP now owns 867,117 shares of the technology company’s stock worth $106,699,000 after acquiring an additional 65,628 shares in the last quarter. First Bank & Trust lifted its stake in Guidewire Software by 17.7% in the second quarter. First Bank & Trust now owns 3,998 shares of the technology company’s stock valued at $492,000 after acquiring an additional 602 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Guidewire Software by 10.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,151 shares of the technology company’s stock valued at $880,000 after purchasing an additional 682 shares during the period. Elevation Wealth Partners LLC lifted its stake in Guidewire Software by 35.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock valued at $56,000 after purchasing an additional 119 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new position in Guidewire Software during the second quarter worth about $225,000.

Guidewire Software Trading Up 6.6%

Shares of GWRE opened at $159.15 on Friday. The firm has a market capitalization of $13.25 billion, a PE ratio of 86.02 and a beta of 0.95. Guidewire Software has a 12-month low of $102.30 and a 12-month high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $133.50 and its 200-day simple moving average is $140.90.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same quarter last year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, research analysts predict that Guidewire Software will post 1.83 earnings per share for the current year.

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.