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

Guidewire Software, Inc. (NYSE:GWRE) has been given an average rating of “Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $115.11.

Several analysts have issued reports on GWRE shares. DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Raymond James started coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Robert W. Baird upped their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Oppenheimer upped their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction dated 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 $27,420,656.25. The disclosure for this sale can be found here. Insiders have sold a total of 9,435 shares of company stock worth $1,053,821 over the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Linonia Partnership LP bought a new stake in Guidewire Software during the fourth quarter worth about $189,965,000. Invesco Ltd. lifted its position in Guidewire Software by 141.4% during the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after purchasing an additional 1,079,268 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Guidewire Software during the fourth quarter worth about $105,311,000. Norges Bank bought a new stake in Guidewire Software during the fourth quarter worth about $97,829,000. Finally, Brown Advisory Inc. lifted its position in Guidewire Software by 2,902.6% during the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock worth $42,824,000 after purchasing an additional 459,973 shares during the period.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $113.57 on Friday. The company’s fifty day simple moving average is $114.88 and its 200-day simple moving average is $106.50. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.35 billion, a PE ratio of -183.17 and a beta of 1.15. Guidewire Software has a 12 month low of $68.45 and a 12 month high of $122.35.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Equities research analysts expect that Guidewire Software will post -0.42 EPS for the current fiscal year.

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.