Guidewire Software's (GWRE) "Hold" Rating Reiterated at Needham & Company LLC

Guidewire Software (NYSE:GWRE - Get Free Report)'s stock had its "hold" rating reissued by Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

Several other equities analysts have also commented on GWRE. Wells Fargo & Company increased their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Robert W. Baird boosted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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Guidewire Software Price Performance

GWRE traded down $6.64 during trading on Friday, reaching $166.60. The stock had a trading volume of 1,853,898 shares, compared to its average volume of 1,322,115. The stock has a market cap of $13.91 billion, a PE ratio of 462.78, a PEG ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software has a one year low of $107.00 and a one year high of $219.59. The business has a 50-day moving average of $194.68 and a 200-day moving average of $185.09.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, equities research analysts anticipate that Guidewire Software will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider James Winston King sold 270 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the sale, the insider now owns 45,664 shares in the company, valued at approximately $7,981,153.92. The trade was a 0.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares of the company's stock, valued at approximately $45,762,865.20. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,056 shares of company stock worth $8,094,892 over the last three months. Company insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently made changes to their positions in the business. Atomi Financial Group Inc. increased its position in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Guidewire Software in the fourth quarter worth $2,110,000. Icon Wealth Advisors LLC raised its position in shares of Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock worth $1,095,000 after purchasing an additional 2,512 shares during the last quarter. GDS Wealth Management raised its position in shares of Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Finally, Whale Rock Capital Management LLC boosted its stake in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

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.