Guidewire Software, Inc. (NYSE:GWRE) Given Average Recommendation of “Buy” by Analysts

Guidewire Software, Inc. (NYSE:GWRE) has been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $115.11.

GWRE has been the topic of several research reports. Oppenheimer lifted their price target 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. Robert W. Baird lifted their price target 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. DA Davidson reissued a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Raymond James initiated coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock.

Insider Buying and Selling

In related 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 directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Insiders have sold a total of 9,435 shares of company stock valued at $1,053,821 over the last three months. 0.38% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Guidewire Software by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,067,513 shares of the technology company’s stock valued at $879,682,000 after buying an additional 22,049 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of Guidewire Software by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock valued at $561,499,000 after buying an additional 36,895 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after buying an additional 115,600 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Guidewire Software by 16.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock valued at $190,440,000 after buying an additional 294,631 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Guidewire Software by 141.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after buying an additional 1,079,268 shares in the last quarter.

Guidewire Software Trading Down 0.3 %

Shares of GWRE opened at $113.50 on Friday. The firm’s 50 day simple moving average is $115.16 and its 200 day simple moving average is $106.41. The company has a market capitalization of $9.34 billion, a P/E ratio of -183.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software has a 1-year low of $68.45 and a 1-year high of $122.35.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Sell-side analysts forecast that Guidewire Software will post -0.42 earnings per share 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.