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

Guidewire Software, Inc. (NYSE:GWRE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $133.08.

A number of analysts have recently commented on the company. Citigroup boosted their price target on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Oppenheimer boosted their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. BTIG Research boosted their price target on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Robert W. Baird boosted their price target on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s 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 directly 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 is available through this link. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the sale, the chief financial officer now directly owns 63,479 shares in the company, valued at approximately $8,540,464.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,064 shares of company stock worth $1,710,361. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in shares of Guidewire Software in the 1st quarter worth $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Guidewire Software in the 4th quarter worth $27,000. RiverPark Advisors LLC purchased a new stake in shares of Guidewire Software in the 4th quarter worth $27,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software in the 2nd quarter worth $41,000. Finally, Lindbrook Capital LLC increased its stake in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $137.84 on Thursday. Guidewire Software has a 1 year low of $76.18 and a 1 year high of $140.55. The company has a market cap of $11.39 billion, a PE ratio of -1,060.23 and a beta of 1.19. The stock’s 50-day moving average is $127.30 and its 200 day moving average is $118.37.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.14. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Analysts expect that Guidewire Software will post -0.31 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.