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

Guidewire Software, Inc. (NYSE:GWRE) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $133.08.

Several brokerages have recently weighed in on GWRE. Bank of America lifted their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. Robert W. Baird lifted their target price on shares of Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the transaction, the chief financial officer now owns 61,714 shares of the company’s stock, valued at $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,064 shares of company stock worth $1,710,361. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new position in Guidewire Software during the first quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software during the fourth quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new position in Guidewire Software during the fourth quarter worth approximately $27,000. Lindbrook Capital LLC increased its position in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in Guidewire Software by 78.5% during the first quarter. Banque Cantonale Vaudoise now owns 498 shares of the technology company’s stock worth $58,000 after purchasing an additional 219 shares during the last quarter.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $139.24 on Thursday. Guidewire Software has a 1 year low of $74.03 and a 1 year high of $140.55. The company has a market capitalization of $11.51 billion, a P/E ratio of -1,070.99 and a beta of 1.19. The company’s fifty day moving average is $124.59 and its two-hundred day moving average is $117.22.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.14. The business had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. As a group, equities analysts expect that Guidewire Software will post -0.31 earnings per share 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.