Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $166.95 and traded as high as $170.88. Guidewire Software shares last traded at $169.50, with a volume of 909,184 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on GWRE shares. DA Davidson restated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, Citigroup upped their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.
Check Out Our Latest Stock Report on GWRE
Guidewire Software Price Performance
The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company has a fifty day moving average price of $186.54 and a 200 day moving average price of $166.95. The company has a market capitalization of $14.39 billion, a P/E ratio of 478.64, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23.
Insider Activity at Guidewire Software
In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company's stock in a transaction dated 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 transaction, the president now owns 189,261 shares in the company, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Winston King sold 794 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total value of $138,497.42. Following the sale, the insider now directly owns 45,934 shares in the company, valued at approximately $8,012,267.62. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,347 shares of company stock worth $4,057,594 in the last 90 days. 0.48% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock worth $626,918,000 after purchasing an additional 679,558 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock worth $472,220,000 after buying an additional 256,702 shares in the last quarter. Teca Partners LP acquired a new stake in shares of Guidewire Software in the second quarter valued at $25,893,000. Linonia Partnership LP lifted its holdings in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Guidewire Software during the second quarter valued at about $22,318,000.
Guidewire Software Company Profile
(
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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.
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