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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $115.11.

A number of brokerages have weighed in on GWRE. Oppenheimer boosted their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Robert W. Baird boosted their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Raymond James started coverage on Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 target price for the company. Finally, 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.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $123.35 on Wednesday. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of -198.95 and a beta of 1.14. The firm’s 50-day moving average is $114.63 and its 200 day moving average is $110.27. Guidewire Software has a 1 year low of $68.45 and a 1 year high of $125.35. 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 (NYSE:GWRE) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The business had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Sell-side analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,785 shares of company stock valued at $1,220,087. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC bought a new position in Guidewire Software in the 1st quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $25,000. Finally, Lindbrook Capital LLC boosted its position in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter.

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.