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

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $193.00.

Several equities research analysts recently commented on GWRE shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Guidewire Software Trading Down 0.6 %

GWRE opened at $178.66 on Monday. The stock has a market cap of $14.92 billion, a PE ratio of 496.27, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software has a twelve month low of $107.00 and a twelve month high of $209.15. The company has a fifty day moving average of $182.99 and a 200-day moving average of $170.16.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $483,757.68. Following the transaction, the chief financial officer now owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This represents a 3.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 28,206 shares of company stock worth $4,889,435. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in GWRE. Hanseatic Management Services Inc. raised its stake in shares of Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after buying an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 116 shares during the period. Finally, Signaturefd LLC grew its stake in Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock valued at $1,107,000 after acquiring an additional 139 shares in the last quarter.

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.