Guidewire Software, Inc. (NYSE:GWRE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $186.08.

Several research firms have weighed in on GWRE. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Citigroup increased their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $215.00 price objective on shares of Guidewire Software in a report on Tuesday, November 19th. Finally, Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in Guidewire Software during the second quarter worth $31,000. Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter valued at $33,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the second quarter valued at $41,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at $41,000.

Guidewire Software Trading Up 0.5 %

Shares of NYSE:GWRE traded up $1.01 on Friday, reaching $202.89. The company had a trading volume of 631,155 shares, compared to its average volume of 681,542. Guidewire Software has a 52-week low of $95.02 and a 52-week high of $207.10. The firm's 50 day simple moving average is $189.29 and its 200-day simple moving average is $158.16. The firm has a market capitalization of $16.95 billion, a PE ratio of -2,535.81, a PEG ratio of 52.48 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the business earned $0.30 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Guidewire Software will post 0.53 earnings per share for the current year.

About Guidewire Software

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.