Guidewire Software, Inc. (NYSE:GWRE) Given Consensus Rating of “Hold” by Analysts

Guidewire Software, Inc. (NYSE:GWRE – Get Rating) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $82.90.

Several research analysts have issued reports on GWRE shares. The Goldman Sachs Group started coverage on Guidewire Software in a research report on Monday, January 23rd. They issued a “buy” rating and a $88.00 target price on the stock. Wells Fargo & Company lifted their price objective on Guidewire Software from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, March 7th. Citigroup lifted their price objective on Guidewire Software from $67.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, March 7th. Finally, BTIG Research lowered their price objective on Guidewire Software from $105.00 to $90.00 in a research report on Wednesday, December 7th.

Guidewire Software Trading Up 2.4 %

Shares of NYSE:GWRE opened at $78.61 on Friday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of -39.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.66 and a current ratio of 3.66. The stock’s 50-day simple moving average is $71.83 and its two-hundred day simple moving average is $64.91. Guidewire Software has a 52-week low of $52.08 and a 52-week high of $97.32.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 7,960 shares of Guidewire Software stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $488,744.00. Following the sale, the chief executive officer now owns 195,755 shares of the company’s stock, valued at approximately $12,019,357. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, COO Priscilla Hung sold 2,979 shares of Guidewire Software stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $182,910.60. Following the sale, the chief operating officer now owns 67,462 shares of the company’s stock, valued at approximately $4,142,166.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 7,960 shares of Guidewire Software stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $488,744.00. Following the completion of the sale, the chief executive officer now directly owns 195,755 shares in the company, valued at approximately $12,019,357. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,255 shares of company stock valued at $1,450,282. 0.17% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Guidewire Software by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,765,647 shares of the technology company’s stock worth $478,209,000 after acquiring an additional 57,277 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Guidewire Software by 15.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,470,897 shares of the technology company’s stock valued at $152,158,000 after purchasing an additional 335,358 shares during the last quarter. RGM Capital LLC increased its position in shares of Guidewire Software by 18.8% during the 4th quarter. RGM Capital LLC now owns 1,812,986 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 286,998 shares during the last quarter. Jarislowsky Fraser Ltd increased its position in shares of Guidewire Software by 7.3% during the 4th quarter. Jarislowsky Fraser Ltd now owns 1,542,099 shares of the technology company’s stock valued at $96,473,000 after purchasing an additional 104,918 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Guidewire Software by 17.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,408,281 shares of the technology company’s stock valued at $88,102,000 after purchasing an additional 213,668 shares during the last quarter.

Guidewire Software Company Profile

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.