Guidewire Software (NYSE:GWRE) Shares Cross Above 200-Day Moving Average – Time to Sell?

Guidewire Software, Inc. (NYSE:GWRE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $166.95 and traded as high as $170.88. Guidewire Software shares last traded at $169.50, with a volume of 909,184 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GWRE. Citigroup upped their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped 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. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Trading Up 0.5 %

The business has a 50 day simple moving average of $186.54 and a 200-day simple moving average of $166.95. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 470.83, a price-to-earnings-growth ratio of 46.15 and a beta of 1.18.

Insiders Place Their Bets

In other news, insider James Winston King sold 1,509 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the transaction, the insider now owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now directly owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. 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 owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after buying an additional 256,702 shares during the period. Teca Partners LP bought a new stake in shares of Guidewire Software during the 2nd quarter valued at about $25,893,000. Linonia Partnership LP raised its stake in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after acquiring an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Guidewire Software in the second quarter worth about $22,318,000.

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.