Guidewire Software, Inc. (NYSE:GWRE) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $216.23.

Several brokerages have recently issued reports on GWRE. DA Davidson restated a “buy” rating and set a $222.00 target price on shares of Guidewire Software in a research report on Friday, October 2nd. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. Oppenheimer boosted their price objective on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Wells Fargo & Company boosted their price objective on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, BTIG Research upped their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd.

Guidewire Software Trading Down 3.6%

GWRE stock opened at $161.30 on Friday. The firm has a fifty day moving average price of $164.23 and a 200 day moving average price of $149.30. Guidewire Software has a fifty-two week low of $102.30 and a fifty-two week high of $229.85. The firm has a market cap of $13.33 billion, a PE ratio of 98.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Guidewire Software’s revenue was up 15.3% on a year-over-year basis. Sell-side analysts anticipate that Guidewire Software will post 2.45 earnings per share for the current fiscal year.

Insider Activity

In other news, President John Mullen sold 39,683 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $144.47, for a total transaction of $5,733,003.01. Following the transaction, the president owned 183,647 shares of the company’s stock, valued at approximately $26,531,482.09. The trade was a 17.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO David Peterson sold 2,500 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $200.00, for a total value of $500,000.00. Following the sale, the chief accounting officer owned 9,787 shares in the company, valued at $1,957,400. The trade was a 20.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 209,135 shares of company stock worth $31,776,209. Company insiders own 0.46% of the company’s stock.

Institutional Trading of Guidewire Software

Institutional investors have recently added to or reduced their stakes in the company. CX Institutional increased its stake in shares of Guidewire Software by 8.6% in the third quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after purchasing an additional 68 shares during the period. Angeles Wealth Management LLC boosted its position in shares of Guidewire Software by 2.5% during the third quarter. Angeles Wealth Management LLC now owns 2,831 shares of the technology company’s stock worth $404,000 after buying an additional 70 shares during the period. Signaturefd LLC boosted its position in shares of Guidewire Software by 1.4% during the third quarter. Signaturefd LLC now owns 5,324 shares of the technology company’s stock worth $759,000 after buying an additional 72 shares during the period. Castleark Management LLC grew its holdings in Guidewire Software by 1.6% in the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after buying an additional 80 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in Guidewire Software by 35.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock worth $56,000 after buying an additional 119 shares in the last quarter.

Guidewire Software Company Profile

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.

The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.