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

Guidewire Software, Inc. (NYSE:GWRE) has been given a consensus rating of “Buy” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $115.11.

A number of research analysts have recently weighed in on GWRE shares. Robert W. Baird raised their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Raymond James started coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Oppenheimer raised their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,435 shares of company stock worth $1,053,821. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in GWRE. Banque Cantonale Vaudoise acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $25,000. RiverPark Advisors LLC acquired a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. Transcendent Capital Group LLC purchased a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. CENTRAL TRUST Co purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $29,000. Finally, Castleview Partners LLC purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $40,000.

Guidewire Software Trading Up 1.4 %

Shares of Guidewire Software stock opened at $113.57 on Friday. Guidewire Software has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.35 billion, a PE ratio of -183.17 and a beta of 1.15. The company has a 50-day moving average of $114.88 and a two-hundred day moving average of $106.50.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. On average, research analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.

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.