Guidewire Software, Inc. (NYSE:GWRE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $271.2857.

GWRE has been the subject of a number of recent research reports. BTIG Research reissued a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a report on Wednesday, December 17th. Wall Street Zen downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and upped their target price for the company from $246.00 to $250.00 in a research report on Wednesday, December 17th. Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd.

Insider Buying and Selling

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,872 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $551,653.76. Following the transaction, the chief financial officer owned 74,201 shares in the company, valued at $14,252,528.08. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 6,015 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the completion of the sale, the chief executive officer owned 240,743 shares of the company’s stock, valued at $46,241,915.44. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 52,740 shares of company stock worth $10,859,052. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the third quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in Guidewire Software in the 3rd quarter valued at $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software during the second quarter worth $30,000. Advisors Asset Management Inc. bought a new position in Guidewire Software in the first quarter worth approximately $25,000. Finally, Westside Investment Management Inc. bought a new position in Guidewire Software in the second quarter worth approximately $32,000.

Guidewire Software Trading Down 6.6%

Shares of Guidewire Software stock opened at $187.77 on Monday. Guidewire Software has a twelve month low of $165.08 and a twelve month high of $272.60. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $212.70 and a 200-day moving average price of $224.45. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 178.83, a PEG ratio of 12.22 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software will post 0.52 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.