Guidewire Software, Inc. (NYSE:GWRE) Receives Average Rating of “Moderate Buy” from Analysts

Guidewire Software, Inc. (NYSE:GWRE) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $161.69.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Guidewire Software from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Robert W. Baird increased their target price on shares of Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Citigroup boosted their price target 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. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada upped their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th.

Insider Buying and Selling at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the transaction, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the transaction, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the sale, the chief financial officer now owns 61,714 shares in the company, valued at $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold a total of 4,465 shares of company stock worth $625,866 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $429,000. Cetera Investment Advisers boosted its stake in Guidewire Software by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after purchasing an additional 372 shares during the period. Quarry LP purchased a new position in Guidewire Software during the 2nd quarter worth $77,000. Creative Planning increased its stake in Guidewire Software by 26.1% in the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after purchasing an additional 2,731 shares during the period. Finally, Algert Global LLC acquired a new position in Guidewire Software in the second quarter valued at $1,099,000.

Guidewire Software Trading Up 0.5 %

Guidewire Software stock opened at $172.74 on Tuesday. Guidewire Software has a 12 month low of $85.15 and a 12 month high of $173.19. The stock’s 50 day simple moving average is $147.64 and its two-hundred day simple moving average is $129.92. The firm has a market cap of $14.28 billion, a PE ratio of -1,328.77 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the previous year, the business earned $0.30 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Guidewire Software will post 0.49 EPS for the current year.

Guidewire Software Company Profile

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.