Guidewire Software’s (GWRE) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Guidewire Software (NYSE:GWRE) in a research note issued to investors on Friday,Benzinga reports.

Other research analysts have also issued reports about the company. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Robert W. Baird lifted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lifted their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 7.1 %

NYSE:GWRE opened at $173.72 on Friday. The firm has a market cap of $14.51 billion, a PE ratio of 482.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The stock has a fifty day moving average price of $194.68 and a 200 day moving average price of $185.09. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts anticipate that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $284,382.00. Following the transaction, the chief executive officer now owns 270,530 shares in the company, valued at $54,952,758.90. The trade was a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the transaction, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,656 shares of company stock worth $7,856,836. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in GWRE. Vanguard Group Inc. boosted its holdings in Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Stockbridge Partners LLC boosted its holdings in Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock valued at $451,602,000 after purchasing an additional 205,382 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after purchasing an additional 291,774 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after purchasing an additional 12,697 shares in the last quarter.

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.