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

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $193.00.

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective 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. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This represents a 0.71 % 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 over the last three months. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the business. Icon Wealth Advisors LLC increased its holdings in Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Guidewire Software by 8.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares during the period. Cerity Partners LLC lifted its stake in Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock valued at $3,988,000 after purchasing an additional 16,692 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after purchasing an additional 3,066 shares during the period.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $174.62 on Thursday. The stock has a market capitalization of $14.58 billion, a PE ratio of 485.06, a PEG ratio of 45.60 and a beta of 1.18. The business’s 50 day simple moving average is $188.71 and its 200 day simple moving average is $165.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. Guidewire Software has a one year low of $102.66 and a one year high of $209.15.

About Guidewire Software

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.