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

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $229.00.

Several equities analysts have recently commented on GWRE shares. Oppenheimer lowered their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. The Goldman Sachs Group lowered their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus lowered their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson lowered their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, June 8th. The shares were sold at an average price of $135.62, for a total value of $162,744.00. Following the completion of the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at approximately $28,047,029.72. The trade was a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 33,679 shares of company stock valued at $5,178,014. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Guidewire Software by 620.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software in the 4th quarter valued at $36,000. Finally, Leonteq Securities AG acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $36,000.

Guidewire Software Trading Down 6.5%

Guidewire Software stock opened at $127.24 on Thursday. The company’s fifty day simple moving average is $139.59 and its 200-day simple moving average is $159.91. The company has a quick ratio of 2.93, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software has a 12 month low of $115.57 and a 12 month high of $272.60. The stock has a market cap of $10.77 billion, a P/E ratio of 68.78 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last posted 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 net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same period in the previous year, the company posted $0.88 EPS. Guidewire Software’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts forecast that Guidewire Software will post 1.84 EPS for the current fiscal year.

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.