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

Guidewire Software, Inc. (NYSE:GWRE) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $204.50.

A number of research analysts have recently commented on GWRE shares. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

Guidewire Software Trading Up 0.5 %

NYSE GWRE opened at $216.66 on Friday. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a 50-day moving average of $185.82 and a 200-day moving average of $178.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $18.10 billion, a P/E ratio of 601.83, a P/E/G ratio of 56.59 and a beta of 1.25.

Insiders Place Their Bets

In other news, President John P. Mullen sold 7,165 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock worth $6,789,679 in the last 90 days. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter valued at approximately $25,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software during the 4th quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 99 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.