Guidewire Software, Inc. (NYSE:GWRE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $216.23.

A number of research firms have weighed in on GWRE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, September 4th. Finally, Guggenheim raised their price objective on Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 27th.

View Our Latest Research Report on Guidewire Software

Guidewire Software Trading Up 0.6%

GWRE opened at $165.77 on Wednesday. The company’s 50 day moving average is $166.59 and its 200-day moving average is $147.17. Guidewire Software has a 1-year low of $102.30 and a 1-year high of $255.89. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The company has a market cap of $13.80 billion, a P/E ratio of 101.70 and a beta of 1.02.

Guidewire Software (NYSE:GWRE – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Equities research analysts predict that Guidewire Software will post 2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider James King sold 11,814 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $144.47, for a total transaction of $1,706,768.58. Following the sale, the insider directly owned 45,939 shares in the company, valued at approximately $6,636,807.33. The trade was a 20.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Rosenbaum sold 72,290 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $144.47, for a total value of $10,443,736.30. Following the sale, the chief executive officer owned 280,866 shares in the company, valued at approximately $40,576,711.02. This trade represents a 20.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 200,735 shares of company stock worth $30,179,843. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wedmont Private Capital lifted its holdings in shares of Guidewire Software by 83.2% during the third quarter. Wedmont Private Capital now owns 3,248 shares of the technology company’s stock worth $463,000 after purchasing an additional 1,475 shares during the period. GAMMA Investing LLC grew its stake in shares of Guidewire Software by 49.0% in the third quarter. GAMMA Investing LLC now owns 4,129 shares of the technology company’s stock worth $589,000 after purchasing an additional 1,357 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Guidewire Software by 70.4% in the third quarter. Farther Finance Advisors LLC now owns 4,210 shares of the technology company’s stock worth $600,000 after purchasing an additional 1,739 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in Guidewire Software by 63.1% in the third quarter. Elevation Wealth Partners LLC now owns 747 shares of the technology company’s stock valued at $107,000 after purchasing an additional 289 shares during the period. Finally, CX Institutional increased its holdings in Guidewire Software by 8.6% in the third quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after purchasing an additional 68 shares during the period.

About Guidewire Software

(Get Free Report)

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

Further Reading

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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